Silver prices surge

Precious metals have shot up in value this year as the dollar—marred by economic uncertainty and improving growth abroad—falls from two-decade highs minted late last year, and analysts project the strength for silver prices in particular could continue over the next year, which is only expected to bring about further strains on the world’s reserve currency.

The price of silver has surged nearly 20% in the past month to some $25.31 per ounce—eclipsing the S&P 500’s roughly 5% gain over the same period, as well as outsize gains for other precious metals, including gold (up 9%), platinum (10%) and palladium (12%).

The boost to precious metals has come as the value of the dollar, relative to foreign currencies, has struggled—falling about 2% over the past month and more than 9% since a 20-year peak in September.

Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.

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