eToro Highlight How “Silver Shines For Investors”

eToro Highlight How “Silver Shines For Investors”

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While gold may sometimes shine brighter on the investment market, eToro has highlighted the merits of silver as a “safe haven status for investors”.

eToro’s latest blog post has dived into the asset as a valuable investment opportunity in the wake of its performance during the covid-19 pandemic. Although at first, when the pandemic first hit in March, the price of silver dropped by as much as 38% to $11.70 per ounce, but during April and May saw the precious metal regain value at a rapid rate.

Currently, an ounce of silver is valued at above $17 – this, eToro explains, is because it has been “buoyed by more positive market news and the prospect of an economic rebound.” It is believed that this initial impressive growth will continue to the point where it could in fact increase in price, even more, to reach upwards of $20.

Therefore, almost doubling its value from March and proving itself to potentially be the asset to hold as the global market continues to recover. Although naturally, nothing is set in precious stone, there is potential for investors there and eToro is the place to be to get involved in silver if you are hoping to ride the silver wave.

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