The silver bugs are a special bunch but they're having a moment today. Silver rose nearly $4% to $41.22/oz today, which is the highest since September 2011.
It's been a nearly straight line from $30 to $40 but I would highlight the left side of this chart when silver when from $18 to $50 for the kind of momentum that silver can generate. Those who missed out on the gold rally could soon pile in and break the all-time high.
The factors driving silver are the same as those driving gold, with some industrial demand thrown in. Mainly, it's the slump in the US dollar and worries that the Trump administration is going to undermine the Fed's mandate or destabilize the country.
One caveat is that silver seasonals are poor in September so it may be worth waiting for a pullback.
This article was written by Adam Button at investinglive.com.Hence then, the article about silver rises to the highest in 14 years was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Silver rises to the highest in 14 years )
Also on site :
- 'The chances of you living 50 years are very small': Theoretical physicist explains why humanity likely won't survive to see all the forces unified
- The Strokes End Coachella Performance With Video Montage Condemning U.S. and Israeli Bombings in Iran and Gaza
- FBI, DOJ scrambling to rebuild after being depleted by resignations and firings