Record High Silver Prices and Investment Trends
Recently, silver prices have reached an all-time high, garnering significant attention from investors. The prices of KODEX Silver Futures (H) ETF and related ETNs have surged, in parallel with a notable increase in the balance and number of accounts in major domestic silver banking services. This trend aligns with investor expectations of further silver price hikes, driven significantly by global interest rate cuts and increased liquidity as primary catalysts.
In particular, the halt in silver bar sales and ongoing supply shortages in the domestic market indicate a demand-supply mismatch, where demand greatly exceeds supply. This shortage creates room for further price increases, prompting investors to turn to alternative investment vehicles like ETFs and ETNs.
Bank of America has revised its silver price target for next year to $65, solidifying the market's optimistic outlook on silver price growth. Global interest rate cuts and foreseen increases in market liquidity enhance silver's attractiveness as an investment, further accelerating the growth rate of silver banking.
Related ETF
Related News
Glad I Chose Silver Over Gold…Record Highs 'Again Breach the Ceiling' - Korea Economic DailySilver prices hit another record high…Silver ETFs and silver banking investments heat up. International silver price surpasses $54. Silver price-tracking ETFs and ETNs soar. Silver account balances increase by 200% this year. Bank-sector silver bars sold out. Further rises expected despite high levels. BoA's target price for next year is $65.
Related ETF
Silver Price Hits New High…Silver ETF & Silver Banking Investments Heat UpSilver Price Hits New High…Silver ETF & Silver Banking Investments Heat Up, International Silver Price Surpasses $54, Silver-tracking ETFs & ETNs Soar, Silver Account Balances Up 200% This Year, Silver Bars at Banks Already Sold Out, Further Increases Expected Despite High Prices, BoA Sets Next Year Target at $65