Gold Has Largest Dollar Gain Ever After Fed QE Infinity Move

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Truman
Participant

[color=green][size=5][b]Commerzbank orecasts silver prices to rise in the second half of the year to $18-an-ounce
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Silver weakened early in 2020 due to its role as an industrial metal, Commerzbank said. Industrial base metals like copper also fell sharply on worries that the COVID-19 pandemic would hurt demand as the economy weakens. However, silver eventually began acting like a precious metal again, Commerzbank said, with strong demand coming from exchange-traded funds.

“As soon as the coronavirus or pandemic is under control, the global economy should recover, which we expect to happen in the second half of the year,” said the Commerzbank report, written by analyst Daniel Briesemann.

“As a precious metal with an industrial character, silver should also benefit from this. In line with the recovery in base-metals prices that we expect, silver prices should also rise accordingly if industrial demand regains strength.

“Since gold should not fall significantly or sustainably, we see silver as being supported from this side as well.”