An analyst has made a prediction that silver prices could potentially reach $200 in the near future. This surge in price is expected to be driven by the increasing demand for new electric vehicle (EV) battery technology. The analyst believes that as the demand for EVs continues to grow, so will the need for silver, which is a crucial component in the production of these batteries. This prediction comes as no surprise, as the EV market has been rapidly expanding in recent years, with many major car manufacturers shifting their focus towards producing electric vehicles. If this prediction holds true, it could have significant implications for the silver market and investors alike.
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