<div id="readability-page-1">Silver (XADUSD:CUR) (SLV) is up nearly 115% year to date and more than 70% in the past six months. At $62 per ounce, silver is now topping the price of the crude oil (CL1:COM) (CO1:COM) with WTI at $57 and Brent at $60.50. That's the first time in history, barring the time oil futures went negative in in April 2020, Spectra Markets points out. &#34;Con...</div>

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<p>Silver prices have surged nearly 115% year to date, reaching $62 per ounce, surpassing crude oil prices for the first time in history, excluding April 2020. Deutsche Bank attributes this to consecutive years of undersupply and expects the supply-demand deficit for silver and platinum to continue next year. Elevated lease rates indicate physical scarcity affecting industrial users.</p>

An ounce of silver now buys you a barrel of oil