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Silver’s market cap stands at approximately $1.5 trillion, significantly smaller than gold’s market cap of over $22 trillion. Over the past year, the SPDR Gold Trust ETF (GLD) has increased by 41.81%, while the iShares Silver Trust (SLV) has only risen by 18.01%. On Thursday, silver broke out to 13-year highs, suggesting potential upward targets of $39 and $45 per ounce.
The Congressional Budget Office projects that the proposed “Big Beautiful Bill” could add $3 trillion to U.S. debt, prompting investors to consider silver as a hedge against economic instability. Furthermore, the increasing demand for silver in tech, particularly for AI data centers and renewable energy sources, positions it for potential growth. Analysts at Zacks Investment Research indicate a bullish outlook on silver miners, placing them within the top 5% of tracked industries.
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