Silver keeps hitting new highs, is it time to invest for wealth or is it a pitfall!
😂 Wealth is sought in danger! A few days ago, a colleague invested in three pounds of silver, believing that silver will continue to rise in the short term, possibly doubling in value, allowing him to make a profit.
Silver is now at its highest price in history, 6.3 yuan in 2011, dropping to 3.1 yuan in 2015; the current price makes it hard to chase the highs. The fluctuation cycle of silver is long, and if caught in a position, it can be very difficult to get out.
In the past decade or so, the price of silver has not been higher than 8 yuan per gram since it was over 7 yuan per gram in 2011, until it began to rise to around 12 yuan per gram in the last two years.