The silver price is at an all-time high: an ounce (31.1 grams) of the precious metal is now selling for nearly $53 – breaking the previous record set in 1980.
Like gold, silver is considered a safe haven for investors, making it more attractive in uncertain times.
However, the silver market is much smaller than the gold market and is not supported by central bank purchases. This makes the silver price much more volatile, according to analysts at Goldman Sachs.
