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CPM Group's Savant: silver prices can benefit from both sides of COVID-19 debate

From kitco.com

Silver could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic at the same time the metal also draws investment demand from those worried about a second wave of the virus, said Rohit Savant, director of research with CPM Group. “It does stand to benefit at this point from both of those expectations,” he said in an interview with Kitco News. “There is still a lot of uncertainty about how things are going to shake out. That’s helping silver at this point.” In the short term, Savant continued, the metal could undergo a profit-taking correction after prices rose ... (full story)

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  • Category: Fundamental Analysis