The pandemic and the green wave are soaring the price of silver

After gold, silver. The price of the white metal has soared since March, going from less than $ 12 an ounce to more than $ 25 on Monday, after peaking at $ 29 last week. This price is the highest for six years and this increase (by more than half in six months), the most significant since 1979.

Demand is strong in these times of pandemic, especially because said “poor man’s gold” remains a safe haven and interest rates are negative, analysts say. Holdings in money-backed exchange-traded funds have reached a whopping 8,445 tonnes this year, almost double the previous record of 2009.

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