Kirill Chernovol: "Silver may become an alternative to gold as prices continue to rise"

Kirill Chernovol, a Researcher, International Best Practice Analysis Department at the Gaidar Institute, said in a commentary for RIA Novosti that amid rising gold prices silver could become a viable alternative to the precious metal.

"If prices continue to rise, gold may prove to be too expensive a protective asset. Both now and when the price of gold rises to $3500–4000 per ounce, silver, substitute bonds, reserve currencies such as Swiss francs may be viable alternatives," the expert said.

Furthermore, Kirill Chernovol indicated other options: "Shares with high dividend yields, high liquidity (top-30 in terms of trading turnover on the Moscow Exchange) can also be considered as protective assets, provided that the issuer is highly transparent, when the company that issued shares regularly publishes detailed financial and non-financial statements."

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Monday, 21.04.2025