Silver: Exceptional rally continues – ING

💡 DMK Insight

Silver hitting $100/oz is a game-changer for traders: here’s why. This milestone isn’t just a psychological barrier; it reflects a broader trend where silver is outpacing gold, which has traditionally been the go-to safe haven. The nearly 150% surge last year and 40% year-to-date increase signals strong industrial demand and persistent safe-haven flows, likely driven by economic uncertainties. Traders should consider how this rally could influence their positions in precious metals. If silver continues to gain traction, it might pull gold along, but it could also lead to profit-taking in gold as investors shift focus. Watch for key technical levels—if silver can hold above $100, it could pave the way for further gains. Conversely, a pullback below this level might trigger selling pressure. Keep an eye on related assets like mining stocks, which could see increased volatility as they react to silver’s price movements. The immediate focus should be on whether silver can sustain this momentum in the coming weeks, especially as economic data releases could impact market sentiment.