Silver prices exceed $40 for the first time in 14 years, boosting miner stocks.
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Surge in Silver Prices: U.S. silver futures have risen above $40/oz, driven by gold's record highs, expectations of Federal Reserve interest rate cuts, and increased industrial demand, particularly for solar panels.
Investment Trends: Silver mining stocks are at multi-year highs, and silver-backed ETFs have seen consistent inflows for seven months, with the U.S., India, Germany, and Australia accounting for approximately 80% of global silver bar and coin demand.
Analyst Views on PSLV
Wall Street analysts forecast PSLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSLV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.360
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Current: 30.360
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
