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Could Silver Break Out Like It Did In 2011?

From sharecafe.com.au

Silver is expected to begin the 2020s newly burnished, through a combination of higher industrial and investment demand, and tightened supply owing to mine production issues and output cuts. If it does, it would be the continuation of a trend that started last year. 2019 was an excellent year for gold and silver. Both metals began to run last summer after the US Federal Reserve started cutting interest rates. In July the Fed lowered rates three times before freezing the (benchmark) federal funds rate at a range of 1.5 – 1.75% in November.The market is reportedly expecting multiple cuts in 2020. That, along with ... (full story)

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  • Category: Fundamental Analysis