The global asset performance report for the first half of the year is out! US tech stocks performed well, with silver taking the top spot
The global asset performance report for the first half of the year is out! Silver topped the list with a return rate of 22.5%, surpassing the Nasdaq and S&P 500 indices. Deutsche Bank predicts that the price of silver will continue to rise as its application in artificial intelligence and green energy technologies provides support. The Nasdaq and S&P 500 indices performed well in the first half of the year, with outstanding returns from NVIDIA and the seven tech giants. French government bonds fell by 6.8%, while the Russell 2000 small-cap stock index had the worst performance in the first half of the year
According to the information from Zhitong Finance and Economics APP, despite the continuous attention on the surge of US tech giants' stocks, Deutsche Bank's research shows that in the first half of 2024, silver generated the strongest returns among global assets. Jim Reid, Global Head of Macro Research and Thematic Strategy at Deutsche Bank, stated in a report on Monday that in the first half of this year, silver rose by 22.5%, surpassing the total returns of 18.6% for the Nasdaq and 15.3% for the S&P 500 index.
On Monday, the trading price of silver was above $29 per ounce. Seeking Alpha analyst Anna Sokolidou recently stated that despite the risk of high interest rates, silver prices are expected to continue to rise as the industrial metal is supported by its applications in artificial intelligence and green energy technologies.
Reid mentioned that the Nasdaq and S&P 500 indices performed "very well" in the first half of the year, benefiting from NVIDIA's 149.5% return and a 37% increase in the "Big Seven".
The returns of spot gold and copper priced in US dollars were close to 13% each. Meanwhile, the Russell 2000 small-cap stock index had a return of only 1.7% in the first half of the year, and even declined by 3.3% in the second quarter.
The worst-performing asset in the first half of the year was French government bonds, which fell by 6.8% when priced in US dollars. Reid mentioned that French assets declined in the second quarter after French President Macron announced early parliamentary elections.
