Silver has taken the spotlight, soaring to $30 per ounce and outpacing gold’s gains this year. While gold’s record-setting rally grabbed headlines, silver’s surge, driven by strong financial and industrial demand, has made it one of the top-performing commodities of 2024. The gold-to-silver ratio, which currently stands at about 80 ounces of silver to one ounce of gold, indicates that silver remains relatively undervalued compared to its precious metal counterpart. With industrial applications such as clean-energy technologies fueling demand, silver is expected to continue its upward trajectory, potentially tightening supplies even further and cementing its position as the more dynamic metal in the market.