Key takeaways
- Insufficient supplies could drive the silver price per ounce to a nine-year, $30 high
- Meanwhile, the price of copper per pound has risen as supply disruptions and China’s economic reawakening reduce global supplies
- Q.ai’s Precious Metals Kit provides an avenue for investors to capitalize on the global precious metals market
Copper and silver prices are on the rise in 2023 due to insufficient supply against growing demand. Some analysts see these precious metals enjoying moderate-to-outsize gains this year. Here’s the scoop behind rising prices – and how to invest if you’re looking to capitalize on these shiny metals.
Silver price per ounce on the rise
Silver futures rose from $23.42 on January 5 to $23.94 by January 20, a modest increase for the shimmery metal. But a CNBC report found that some analysts see the silver price per ounce hitting $30 in 2023. If so, that would be silver’s highest price in nine years since it eclipsed the same in February 2013.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased