Silver and Gold Prices Surge: Silver reached a record high of $94 per ounce, while gold climbed near record levels at $4,700 per ounce, driven by investor interest in precious metals amid economic uncertainty and U.S.-EU tariff threats.
Market Sentiment Split: The market sentiment remains divided, with commentators debating Bitcoin's value rise relative to silver, as Bitcoin's price stayed around $91,000, showing a much smaller increase compared to silver's significant gains.
Increased Demand for Precious Metals: Factors such as geopolitical tensions and trade policy uncertainties are driving demand for silver, with analysts noting a 36.55% increase in silver's value over the past month compared to Bitcoin's 3.28% rise.
Potential Volatility in Silver: Experts warn that the renewed interest in precious metals could lead to increased volatility in the market, with some suggesting that a surge in silver prices might negatively impact Bitcoin's performance in the long run.
Wall Street analysts forecast SLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLV 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.
0 Analyst Rating
Wall Street analysts forecast SLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLV 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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0 Sell
Current: 83.960
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Current: 83.960
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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.
