2 min read
International silver has surged back into bullish territory, climbing 28% in just 48 hours to trade around $91 per ounce. This rapid recovery follows a sharp 22% drop at the end of January, which saw prices test bear market volatility after reaching a high of $122 per ounce.
The sudden rebound is attracting renewed investor interest, with analysts predicting that silver could soon surpass the $100 mark again. Despite market turbulence, the demand for precious metals like silver and gold continues to grow, signaling strong confidence among investors.
According to market observers, the sharp crash last Friday was allegedly influenced by large institutional players, but the market’s quick recovery demonstrates resilience.
“Silver has bounced back strongly, reflecting renewed investor confidence,” said one analyst.
Historically, silver is known as a safe-haven asset, often sought after during times of economic uncertainty. With global inflation concerns and geopolitical tensions, metals like silver and gold are seeing increased buying activity. This week’s gains highlight how quickly the market can swing, presenting both opportunities and risks for investors.
As silver continues to rebound, experts advise keeping a close eye on market trends, as further gains above $100 per ounce may be imminent in the coming weeks.
