Wall Street Hedge Fund Analysts: Silver Enters a Supercycle and is Poised to Challenge the $50 Threshold

As Gold Prices Hit New Highs, Silver Market Begins to Attract Attention

As gold prices continue to reach new highs, the silver market is beginning to garner attention. Otavio Costa, a macro strategist at hedge fund Crescat Capital, stated that silver may be entering a supercycle and is poised to challenge the historical high of $50 per ounce set in 2011. Costa noted in an interview with Benzinga that silver is catching up to gold. He believes the long-term relative weakness of silver is about to reverse, especially as the current market environment resembles that of past boom cycles, suggesting that a new bull market may have already begun. This is purely market observation and not investment advice.

Surging Demand in the Solar Market Boosting Silver Prices

Since early June, silver prices have risen over 10%, reaching $36.80 on Monday, marking a new high since 2012. The current price is at $36.42, with an approximate increase of 24.8% over the past year. Costa believes silver is at a crucial turning point, as there is a lack of new discoveries on the supply side, while the demand side is undergoing structural changes due to the rise of the