When Will Silver Go Up?

Above, the Niue Godzilla vs. Kong silver coin. Photo by Armand Vaquer.

Silver took a hit this past week. 

Depending upon the source, the spot price for silver has been around $22.95 to $22.01 toz. This is actually good for buyers. As the spot prices falls, there are more deals to be had. One just has to shop around to find them. That's why I am not concerned over the current spot price.

Some investors are now asking, When Will Silver Go Up? That is the topic of an article in Investing News Network. 

They begin it with:

Many investors are asking themselves “When will silver go up?” Are market conditions ripe for another run up in the silver price?

It’s no secret that the silver market can be incredibly volatile. From February 2022 to February 2023 alone, the white metal has seen price levels ranging from highs of US$26.39 in March to lows of below US$18 per ounce in September.

Many investors are confused by the precious metal’s movement. After all, silver is a safe-haven asset that generally fares well in times of turmoil, and the past year has been packed with tense geopolitical events alongside the ongoing COVID-19 pandemic. The Russian-Ukraine war, increasing oil and gas prices and rising inflation have further heightened global economic uncertainty.

Unfortunately, answering the question, “When will silver go up?” is tricky. Even seasoned analysts can’t tell the future, and it’s difficult to find a consensus on the topic of when it will exit its bear market and enter a bull market.

Nevertheless, it’s definitely possible to track down different opinions on the topic. Market participants interested in investing in silver would do well to keep these ideas top of mind as they try to determine where the spot price may move in the future.

To read more, go here.