Silver futures logged highest finish in nearly 4 years
Show Me the Money! 21 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital
Silver futures logged highest finish in nearly 4 years yesterday, buoyed by expectations for further central bank stimuli that destroy value of world major currencies and as the rise in global COVID-19 cases continues to threaten economic recovery. September silver added almost a dollar, or 4.9% since July 17, to settle at $20.21 an ounce, the highest front month contract finish since August 2016.
Silver is known to be more choppy and volatile precious metal as compared to gold. But this year its uncharacteristic trade smoothness since mid-March leaves its older sister gold’s parameters derailed.
Silver futures logged highest finish in nearly 4 years yesterday, buoyed by expectations for further central bank stimuli that destroy value of world major currencies and as the rise in global COVID-19 cases continues to threaten economic recovery. September silver added almost a dollar, or 4.9% since July 17, to settle at $20.21 an ounce, the highest front month contract finish since August 2016.
Silver is known to be more choppy and volatile precious metal as compared to gold. But this year its uncharacteristic trade smoothness since mid-March leaves its older sister gold’s parameters derailed.