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Gold Hits Highs, But Why is the Silver Price Rising?

From valuewalk.com

Many are talking about gold breaking $1,800/oz this week, but the silver price also reached new highs this week in both futures and spot. Futures rose to a high of $19.40/oz this week for September Comex silver. Also, multiple factors contributed to the silver price jump to $19 per ozt. Some of these reasons include the gold price breakout, geopolitical climate, COVID-19, economic news, and the upcoming election. Additionally, industries are resuming business, which also increases the demand for silver. As a result, the silver price is poised to reach as high as $20 per ounce this year if the current economic climate ... (full story)

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  • Category: Fundamental Analysis