Silver Surpasses $60 by Exceeding Historical Levels

Historical Rise in Silver Prices

Recently, the markets were shaken by a striking increase in silver prices. Silver reached a historic record of 60.47 dollars per ounce, marking the first time it has surpassed this psychological threshold.

Employment Data and Market Reaction

The latest employment data released in the USA became one of the influential factors in the rise of silver prices. Investors turned to silver and made purchases following this data, while a decline was observed in gold prices. Thus, the price of silver per ounce caused significant movements in the markets.

Gold-Silver Ratio on the Decline

With the rise in silver prices, the gold-silver ratio also made a significant dip. As a result of the increase in silver prices, this ratio fell below 70, reaching its lowest level in the last 2.5 years. The drop of this ratio below this level since July 2021 has been a noteworthy development in the market.

Long-Term Trends and Historical Comparisons

These changes in prices between silver and gold serve as an important indicator for investors. The gold-silver ratio, which averaged around 67.6 in the 2010s, climbed to 82.5 during the 2020-2024 period and is expected to reach 89.2 in 2025. These developments will prompt a reevaluation of investment strategies concerning precious metals.

Conclusion and Expectations

The surpassing of 60 dollars per ounce for silver is considered a significant turning point in the investment world. Whether this price level can be maintained in the short term remains a topic closely monitored by the markets.