Yesterday at 12:15 PM
Peter Krauth of Silver Stock Investor predicts silver could reach $45 this year
After several failed attempts, silver has finally broken through the $35 level. Peter Krauth, editor of Silver Stock Investor, attributes the rally to rising inflation expectations in the US and broader macroeconomic instability. He believes silver has been undervalued for years but is now gaining recognition as a key safe-haven asset.
Krauth expects the metal to hit $45 by year-end, just $5 shy of its all-time high. However, the expert is confident silver's rally has further to run, forecasting prices will break through the $50 barrier as early as next year.
Moreover, Krauth says the metal could easily surpass $50, potentially gaining another $10–$15 beyond that threshold.
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