Silver Bull Market on the Horizon as Economic Turmoil Looms
Analysts from the Kobeissi Letter suggest that the current silver bull market, which has seen prices rise by 36% this year, could signal an impending macroeconomic crisis.
They compare today’s inflation trends with those of the 1970s, pointing to silver’s 80% surge over the past two years as a potential warning sign. While stocks are climbing, silver is outpacing gold, which has only risen by 60% in the same period. Factors like Federal Reserve rate cuts, rising U.S. debt, and geopolitical uncertainty are driving silver’s rise, with some analysts suggesting silver may offer better returns than gold due to its relative affordability.
Clever Robot News Desk 27th September 2024
