Gold prices continue their record run, but lower-priced silver may outpace

Article Link: https://www.timesnownews.com/business-economy/markets/article/gold-prices-continue-their-record-run-but-lower-priced-silver-may-outpace/632450

Discussion posted by: ursula

Gold prices have rallied 30% in 2020 aided by economic uncertainty, loose monetary policies but it is Silver that has caught everyone’s attention with the more hectic pricing action seen since its lows of $11/oz seen in mid-March to $26/oz currently. The industrial uses of the metal have put it at the forefront as manufacturing activity around the world continues to recover and improve. Silver has significant usage in the telecom space among others. The fiscal stimulus being put in place by the government around the world, that are abetting Gold’s rally, may soon be the very same that will spur economic recovery and subsequently demand Silver.