Krauth Sees Silver Prices Reaching $80-$85 Before Year-End

Silver prices have been on an upward trend lately, but experts say they may not be done yet. According to Peter Krauth, a silver expert, prices around $70 may still be underpriced. He predicts that silver could reach $80-$85 by the end of the year due to strong demand from both investors and industry.

Silver is unique in that it has both monetary and industrial uses, making its price dynamics different from other metals. Krauth notes that investment demand and essential industrial demand are currently supporting the price of silver.

While some may think $80-$85 is a lofty target, Krauth believes it's more realistic given the current market conditions. He emphasizes that silver prices need to be closer to this range to reflect its true value.