Despite nearly 30 new record high closes in 2024, gold is surprisingly not the best-performing asset in the precious metals sector.
Silver is up about 32% for the year, and historically tends to overtake any gains in gold, so the end of year gains could be significant. Silver gained another 7.9% in September after modest gains of 0.7% in August.
But if you're familiar with the historical patterns of silver, this is exactly what one would expect to see in a healthy bull market.
In 2020, when precious metals rallied as markets were rocked by pandemic-era supply chain issues and record inflation, gold saw gains of 25%, but silver rose by 48%! And if you look even further back, in the previous bull market silver dramatically outperformed gold with gains of 1,000% over the previous lows when it established the current all-time high of $50 per ounce. Gold saw gains of 650% during this time.
Expectations of additional Fed interest rate cuts this year and haven demand from the conflicts in the Middle East are continuing to bolster bullion prices in 2024. Yet, while gold and silver bullion demand shares many of the same market influences, silver also has major potential for growth in demand from the industrial sector.
Higher industrial demand from emerging sectors due to factors like the transition to renewable energy and the emergence of AI technology will be highly supportive for the metal over the next few years. Silver supply is also in its third year of successive, sizeable deficit, which should impact prices in the long-term.
Don't miss out as silver climbs back toward all-time highs and gold continues to make history.
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Since 2021, the Britannia coin has incorporated four new groundbreaking security features into it's timeless design:
These extra security features ensure that the Britannia is much more difficult to replicate, making it one of the most visually secure coins in the world.
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2024 1 oz. Silver Britannia
As Low as $2.49 over Spot!
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. $2.49 over spot per ounce pricing available for orders of 500 oz. of silver or more. $2.99 over spot per ounce pricing available for orders of 499 oz. or less. Minimum order is 100 oz. silver. Free shipping, handling, and insurance are available for purchases of 500 oz. silver or more. Offer expires Friday October 18,, 2024, or while supplies last.