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Silver's price has now surpassed $71 and hit a new all-time high. Since the beginning of the year, this metal has increased by nearly 138%, outpacing gold's 70% growth. Silver's rally is truly remarkable, showing a clear strong upward trend in the market.
Analysts say that the behind this bullish momentum are a weak dollar, expectations of declining interest rates, and increased investor demand to reduce risk. Gold has also crossed $4,500 per ounce at the same time and is seeing higher prices. Silver's market value now approaches $4 trillion, making it one of the top assets in the global asset rankings.