International silver has officially entered the bull market territory, up 28 percent in the past 48 hours, research shows.
Current spot rates are still ~$91/oz.
Prior to gains witnessed this week, silver prices last week collapsed by over 22 percent to end January.
It rose as high as $122 per ounce last week before testing bear market volatility. Current trends point towards a likely jump of over $100/ounce as investors re-invest in the precious metal.
This week’s gains also come despite X commentators claiming that the crash on Friday was orchestrated by the big banks.
The demand for metals like Gold and Silver is through the roof, and many analysts on social media expect both metals to gain traction in coming weeks.