View full page at metalsmine.com

 

Three reasons to buy silver. Forecast as of 08.05.2024

From litefinance.org

Central banks may refrain from buying silver like they buy gold, but the industrial use of silver continues to benefit it. Meanwhile, there are other drivers of XAGUSD's growth. Let's discuss it and make a trading plan for XAGUSD. Precious metals tend to move in tandem. They rise together and fall together. Central banks do not buy as much silver as gold. However, white metal is heavily used in industry, and 5G technology and solar panel manufacturing are bullish drivers for XAGUSD, as are de-dollarization and diversification of FX reserves for XAUUSD. According to the WGC, gold demand surged by 3% in the first ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis