Silver prices have smashed through to record highs above $72 per ounce, with no signs of slowing down and reaching $100 or more is on the horizon. This surge has outpaced even gold, which is at its own new record level.
There are several factors that explain silver’s outperformance. Perhaps the greatest driver for at least the next five years – and probably a decade or more – is artificial intelligence. The explosive growth in data centers that rely heavily on silver’s unmatched conductivity is what will carry silver well into the future.
This post originally appeared at Money Morning.