The price of silver plunged almost 33% in recent weeks, dropping from $115 an ounce in January to $77. Analysts attribute the drop to a stronger dollar, weaker demand, and concerns about the AI boom. Despite rebounding to above $80, the price is still below recent highs. A weaker dollar and lower interest rates could support a silver rally. Investing in the iShares Silver Trust (SLV) is a good option, with net assets of about $51 billion. The fund is up nearly 9% this year and 158% over the past 52 weeks. Consider the potential for future growth before buying stock in SLV.
Read more at Nasdaq: Silver Has Plummeted. Should You Buy the Dip?
