Silver Price Hits Record $117 – Is a Major Crash Coming?
Silver Price Hits Record $117 – Is a Major Crash Coming? Silver prices surged past $117 per ounce on Thursday , extending a stunning year-to-date rally of over 60% . Investors are flocking to precious metals as a safe-haven amid economic uncertainty, geopolitical tensions, and inflation concerns. Even with the Federal Reserve holding interest rates steady , silver’s momentum remains strong, driven by industrial demand from electronics and renewable energy sectors . But not everyone is optimistic. Former JPMorgan strategist Marko Kolanovic warns of a major pullback , predicting silver could drop nearly 50% within a year . Why Silver Is Surging Safe-Haven Demand: Geopolitical tensions in the Middle East and trade uncertainties ahead of the U.S. elections are fueling investor demand. Industrial Usage: Growth in electronics and renewable energy continues to tighten supply. Inflation Hedge : Investors see silver as protection against currency headwinds despite the U....