Analyst: Spot Silver Historically Enters the "Triple-Digit" Era, May Venture into Uncharted Territory Thereafter

Odaily News On Friday, spot silver historically broke above $100 per ounce, officially entering the "triple-digit era." In less than a month since the start of the year, its gains have approached 40%. This is primarily attributed to investors' preference for safe-haven assets, a weak US dollar, and robust industrial demand. Ole Hansen, an analyst at Saxo Bank, stated: "Momentum has clearly become a significant part of this move, with FOMO (Fear Of Missing Out) psychology playing a notable role as prices venture into uncharted territory." However, he also noted: "It would be a mistake to simply view this rally as pure speculation." (Jin10)