Silver Topples Oil: An Ounce Buys More Than a Barrel Of Crude - iShares Silver Trust (ARCA:SLV)
Benzinga·2025-12-13 04:37
Silver has finally crossed a threshold untouched since 1980. Today, the white metal trades above 60 per barrel.In essence, that means one ounce of silver can now buy more than a single barrel of oil, a dynamic unseen since January 1980, if excluding the technical distortion during April 2020 when WTI futures briefly went negative.The reversal is striking on its own, but it also signals a tectonic shift in the hierarchy of global commodity markets.Year-to-date, silver – a ...