Silver price continues to trade near $27.00 as the U.S. dollar is losing ground against a broad basket of currencies while gold tries to settle above the 20 EMA near $1950.
silver spot price chart
Silver MCX Bole Boom Boom, Watch High 75751, Rona Mana Hai Trade With Neal Bhai
Silver MCX Bole Boom Boom, Watch High 75751, Rona Mana Hai Trade With Neal Bhai, — Rising cases of COVID-19 across the world especially in the US has lead analysts to believe that another round of stimulus could be in the offing. The world’s largest economy has already announced a $3 trillion stimulus package, but the Democrats have asked for an addition $400 billion in fiscal measures. The two sides have been negotiating for a week now.
Silver Prices Could Rise to $25 over 6-12 months – Outperforming Gold
Silver prices have risen around 15% this week to seven-year highs that some analysts see as the start of a bull run powered by low interest rates, resurgent investment demand, disrupted production and a recovery in industrial consumption.
Silver Logs Highest Finish Since 2014, Up More Than 80% From 2020’s low
Silver rallied Tuesday to finish at its highest level since 2014, up by more than 80% from the year’s low, benefiting as both a precious and industrial metal as it looks to catch up with gold’s impressive year-to-date performance.
Yellow Metals: Gold, Silver Slump in Futures Trade on Low Demand
Gold prices on Friday fell by Rs 304 to Rs 37,962 per 10 gram in futures trade amid profit-booking by speculators on low demand.