The deepening achievement promises to raise silver prices as a result of the growth in demand for metals, as a refuge for investors, as Bloomberg writes.
In December, silver rose 9.1%, the highest monthly growth in two years. Metal has taken advantage of commercial warfare, dollar weakening and a slower rate of interest in the United States.
On Wednesday, the price of metal was almost 4% to 15,92 dollars, from July 13 to 13,
At the same time, it is expected that this year's silver demand will surpass profitability for the seventh consecutive year. Companies avoid new projects in global economic uncertainty. And this metal price could now be higher than $ 17.50 in excess of $ 15.92 per 11 analysts and merchants.
The price of expensive metal rose to the new record level
The palladium of a few months is greater than gold
However, it should be taken into account that the same uncertainty is that of industrial use forecasts.
According to Robin Bark, Societe Generale SA, 26,000 tons of cylinders will be added this year since 2013.
Of course, the lack of performance was not enough to raise prices in recent years. Silver sells more than precious metal industrial. The price has fallen almost half since 2012 – the last time it was in more markets. In 2018, which was the sixth row of Société Général, which was the result of a shortage of performance, prices fell by 8.5%.
The US Federal Reserve plays an important role. In the last three months, when investors slowed the rise in interest rates, gold and silver were the best assets.
Recently, the central bank has said it will keep track of the latest data carefully to determine the future policy. If Fed decides to slow growth, it will fix the prices of metals.
Oil also rises 13.05% in August.
* Material is an analytical nature and is not recommended for purchase or sale of precious metals