Silver Outperforms Gold In 2024 | Upward Trend Is Just The Beginning For Silver: Michael DiRienzo

Описание: Silver is experiencing a significant rally in global markets, outperforming gold and other asset classes with a stunning 42% gain so far this year.

According to Michael DiRienzo, President and CEO of The Silver Institute, this upward trend is just the beginning for the precious metal. Currently trading near $34.50 per ounce globally, silver has captured investor attention, with many analysts forecasting even higher prices, potentially reaching $40 to $42 per ounce in the coming six to twelve months.

In an interview with CNBC-TV18, DiRienzo highlighted that several factors are propelling silver’s remarkable ascent. Notably, silver has been in a supply deficit for four consecutive years, with 2024 expected to see a deficit of 215 million ounces.

Listen in.

#silverprices #silverpricesoutlook #silverrally #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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