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Silver Price Forecast: XAG/USD makes 13-year highs, $37 in sight

From marketpulse.com

Despite the best efforts of a hawkish Fed, key interest rates are generally trending downward, with the ECB and BoE cutting in their most recent decisions. As a non-yielding asset, lower rates typically favour precious metals like silver, adding rationale to the recent rally. Undeniably, the burning question remains when the Federal Reserve will join this trend, with fabled interest rate cuts always coming but never seeming to arrive. Boasting unexpectedly robust jobs data in May, most predict rates will remain unchanged in their upcoming June 18th meeting, which will likely further sour relations between President ... (full story)

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  • Category: Fundamental Analysis