6:27 AM · 27 July 2020

Is Silver the „New Bitcoin”?

Precious metals continue soaring on Monday with Gold setting the all-time highs (above 2011 level of $1912). However, it is Silver that is really turning heads – the metal is up 6% today and is +21% in weekly and nearly 36% in monthly terms! At the same time the US dollar is down as traders expect the FOMC to at least maintain its ultra-expansive policies at this weeks meeting (decision on Wednesday, 7pm BST).

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🟡Gold returns to market-driven valuation over risk sentiment. What lies ahead for prices?

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