Silver Price Jumps Amid Renewed Market Surge

Otavio (Tavi) Costa, portfolio manager at Crescat Capital, is surprised by the renewed momentum in the silver market. According to him, the price of silver is nearing $70 per ounce, a level previously thought unlikely to return.

Costa has observed that gold maintains its status as true money over credit, as mentioned in his earlier commentary. He also pointed out a significant divergence between copper and gold's performance, suggesting that gold may need to catch up to copper's.