Silver outperforms gold with a short-term target price of $33.

According to foreign media reports, after a relatively slow start in the first quarter, the price of silver has started to rise, surpassing the price of gold significantly. Last Friday, the spot silver soared to a new 11-year high of $32.51. The soaring silver price has pushed the gold-to-silver ratio below 80, the lowest level since August last year. Alex Kuptsikevich, a senior market analyst at FxPro, said that the short-term target price is $33 per ounce, and it could rise significantly to the historical high of $50. The long-term trend of silver is also bullish. In the past two years, it has been able to quickly turn upward after the price fell below the 200-week moving average. This year, the silver price has successfully broken away from this trend line, but the most intense part of the rally may still be ahead. Silver may be ready to reproduce the explosive growth seen in 2010-2011.