Gold and Silver: Gold is back above the $1965 level Gold and silver have been the go-to investments for centuries. They have been used as a store of value, a hedge against inflation, and a safe haven during times of economic uncertainty. In recent years, gold and silver have become even more popular as investors seek to protect their wealth from the volatility of the stock market and the uncertainty of the global economy. Gold has been on a rollercoaster ride in recent months. After hitting an all-time high of $2,075 per ounce in August 2020, the price of gold fell sharply, dropping below $1,800 per ounce in November. However, in recent weeks, gold has been on the rise again, and is now back above the $1,965 level. There are several factors driving the recent surge in gold prices. One of the main drivers is the ongoing uncertainty surrounding the global economy. The COVID-19 pandemic has caused widespread economic disruption, and many investors are turning to gold as a safe haven asset. In addition, the US dollar has been weakening in recent months, which has also helped to boost the price of gold. Silver, on the other hand, has been lagging behind gold in recent months. While gold has been on the rise, silver has been relatively flat, trading in a narrow range between $24 and $27 per ounce. However, many analysts believe that silver is poised for a breakout in the coming months. One of the main reasons for this optimism is the growing demand for silver in the renewable energy sector. Silver is a key component in solar panels, and as the world transitions to cleaner energy sources, the demand for silver is expected to increase significantly. In addition, silver is also used in a wide range of industrial applications, from electronics to medical equipment, which further supports its long-term demand outlook. Overall, gold and silver remain attractive investments for investors looking to protect their wealth and diversify their portfolios. While gold has been on a rollercoaster ride in recent months, it is now back above the $1,965 level, and many analysts believe that silver is poised for a breakout in the coming months. As always, investors should do their own research and consult with a financial advisor before making any investment decisions.