Silver could double to $100 after cross $50 mark, analysts say

Buzz around gold has rippled through markets this year — but silver has been quietly going along for the ride, culminating in a new record high that analysts say could double in the coming years. Spot silver surpassed the $50 mark for the first time last week before paring gains. On Monday, the metal was 2.4% higher, trading around $51 an ounce at 6:20 a.m. in London (1:20 a.m. ET). Meanwhile, New York silver futures were up 4.5%% at $49. Spot silver has gained more than 78% since the beginning of the year, compared to spot gold's year-to-date gain of just over 50%. Both metals have benefited from a rush to safe-haven assets amid volatility in broader capital markets and, in silver's case, an underlying supply-demand mismatch. Paul Syms, head of EMEA ETF fixed income and commodity product