Recently, the precious metals market has witnessed a remarkable rally.

Spot silver prices soared sharply, rising by more than 4.5% at one point, breaking through the key $36 per ounce mark and reaching the highest level since February 2012. Although the price dropped somewhat at the close, it still closed at $35.63 per ounce.

Since the beginning of this year, the cumulative increase of spot silver has reached approximately 24%, demonstrating a strong upward momentum. Has the time come to invest in silver? What will the market trend be like in the future?

The price of silver has risen more than that of gold

Market data shows that the spot gold price rose by approximately 0.6% this week, while the spot silver price increased by more than 9%, breaking through the $35 per ounce mark. During this period, it even broke through the $36 per ounce mark for the first time since February 2012.