Commodities Corner: Silver hit a 1-year high. Here’s why it can keep climbing.

by | May 3, 2023 | Stock Market

Gold isn’t the only precious metal benefitting from economic uncertainty and the crisis in the banking sector. Silver prices last month climbed to their highest in a year, with room to move higher as the global market for the metal this year looks to post its second largest supply deficit in 20 years. “Demand for physical silver, and gold for that matter, is showing overall investor concern over the state of the economy, geopolitical turmoil, and potentially persistent inflation,” said Stephen Gardner, director at ETF Managers…

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