Silver is soaring! It has surpassed 37 dollars and is racing toward a record

The ounce price of silver rose to as high as 37.2 dollars in international markets, seeing its highest level since February 2012. Industrial demand, supply constraints, and geopolitical uncertainties have been influential in the price increase. Since the beginning of the year, silver has provided a 28 percent return to investors.

In international markets, the ounce price of silver rose to 37.2 dollars, testing its highest level since February 2012.

The upward movements seen in precious metals in recent months have also been reflected in the silver market. In particular, increasing demand in areas such as solar energy, electronics, and electric vehicles has boosted the industrial use of silver, which has been directly reflected in prices. In this respect, silver has stood out not only as an investment vehicle but also as a critical industrial component.

According to experts, while investors are turning to silver as an alternative due to the high price of gold, silver has provided a 28 percent return to its investors since the beginning of the year.

News Source: 12punto