Why did silver succeed in penetrating and rising to the 30-year peak?

Silver prices have reached an 11-year high, surpassing $30 an ounce, becoming one of the best-performing commodities this year, ahead of gold. The silver market is expected to face a shortage in supply for the fourth year in a row. Silver has a dual nature as a financial asset and an industrial component, as it is an essential part of solar panels.
Rising silver prices have increased investor interest, amid increasingly optimistic macroeconomic conditions. As silver prices rise, investor interest increases, and optimism about the macroeconomic backdrop increases

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