Silver Hits $53 — Up 3.4% in 24 Hours 
Gold has soared past $2,900 per ounce, marking a remarkable journey that has seen its value triple over the last decade and increase tenfold since 2000. What makes this rally particularly noteworthy is that it’s happening despite high interest rates and a strong dollar – conditions that typically drive gold prices down.
Three main factors are fueling the current gold rally: mounting global tensions, especially related to Trump’s policies; massive central bank buying (over 1,000 tonnes yearly) as nations reduce their dependence on the dollar; and growing industrial uses in cutting-edge technologies.
While gold captures headlines, silver might offer an interesting opportunity. Historically, gold traded at 15 times silver’s price, but today that ratio has widened to 100:1. Silver’s extensive use in industries like renewable energy, AI, and medical equipment could make it undervalued at current prices. For those looking to invest in either metal, Stevenson suggests using ETFs or mining stocks instead of buying physical metals.
