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Industrial demand will drive silver prices, gold
Even with silver’s recent gains, the precious metal needs to show significant movement in a few key metrics before the bulls can expect a true rally, according to Everett Millman, Chief Market Analyst at Gainesville Coins. Millman spoke with Kitco News on the afternoon of Friday, Nov. 17, as silver was wrapping up one of its strongest trading weeks in recent memory. The rally following the release of the lower-than-expected CPI report on Tuesday morning would see spot silver rise from $22.385 per ounce to a high of $24.183 late Friday evening. But Millman said he’s still waiting for silver to show him more before ... (full story)