Precious Metals

“Silver Hits Record Above $90 as Precious Metals Rally Powers On”

“…The white metal jumped as much as 5.3% to touch $91.5535 an ounce, while gold was within $10 of an all-time peak… Citigroup Inc. upgraded its three-month forecasts for gold and silver to $5,000 per ounce and $100 an ounce, respectively…

The white metal outperformed gold last year, with a surge of 150% thanks to a short squeeze in October, persistent supply tightness in London and a lot of speculative buying…”

https://finance.yahoo.com/news/gold-rises-toward-record-us-004845550.html

This has nothing to do with the article but calling silver “white metal” is stupid. It’s classified as metallic and our eyes don’t perceive it as an off white color. Also the metal is literally named after the color it is. It’s not white. It’s silver. The writer is trying to hard to sound smart.

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