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Silver hit a record high in Canada, surpassing C$128/oz due to strong demand and supply shortages.
Silver hit a record high in Canada on January 14, exceeding C$128 per troy ounce, rising 180% over the past year, driven by strong industrial demand in electronics, renewable energy, and medicine outpacing mining output.
Global stockpiles are largely depleted, contributing to a supply deficit and pushing the silver-to-gold ratio down to about 50:1 from 80:1.
Todd Sandham of Colonial Acres Coins and Jewelry predicts silver could reach C$200 per ounce within months to two years.
Despite rising premiums and refinery backlogs, public interest remains balanced between buying and selling, with older Canadian silver coins now worth up to 75 times their face value.
Dealers are offering 95% to 98% of spot prices, making it a favorable time to sell.
La plata alcanzó un nivel récord en Canadá, superando los 128 dólares canadienses por onza debido a la fuerte demanda y la escasez de oferta.