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Silver, copper prices mark an impressive recovery from March lows

June 28, 2020

At their lowest level in March, silver futures were down as much as 34% YTD

Hidden silver found at castle occupied by Nazis; Diary may lead to more treasures
Included in the 103 silver objects that were discovered were homeware, including goblets and cutlery. They were primarily made in Austria or Poland, the news outlet added.
SilverSeek.com Thu, 06/25/2020 - 08:50

Silver climbs just over 2% for the week

Peter Spina, president and chief executive officer at GoldSeek.com, referred to the forecast as a “strong promotion from Goldman Sachs,” following sideways trading for gold in the last couple of months.

Silver on track for second weekly gain SilverSeek Fri, 06/19/2020 - 11:34
Goldman Sachs raised its three, six and 12-month estimates for silver to $19, $21 and $22 per ounce
The U.S. bank also raised its three, six and 12-month estimates for silver to $19, $21 and $22 per ounce from $13.5, $14 and $15 per ounce, respectively. 
SilverSeek.com Fri, 06/19/2020 - 06:09
Montreal Police search for Suspects in $10M Silver Heist
In January, a container holding 596 bars of silver was stolen from a LaSalle transportation company by suspects who allegedly used fake documents to take possession of the items.
SilverSeek Thu, 06/18/2020 - 13:34
Powell repeats Fed to use full range of tools to aid economy
With a full U.S. economic recovery out of reach until the coronavirus pandemic is brought to heel, the Federal Reserve will use its “full range of tools” to cushion households and businesses, Fed Chair Jerome Powell told lawmakers on Wednesday.
SilverSeek.com Wed, 06/17/2020 - 14:39
U.S. Treasuries saw second month of heavy foreign selling in April: foreigners sold $176.7 Billion
On a transaction basis, foreigners sold $176.703 billion in Treasuries in April, compared with sales of $298.910 billion in March, the U.S. Treasury Department said.
SilverSeek Mon, 06/15/2020 - 16:06
The Fed says it is going to start buying individual corporate bonds, ability to buy up to $750 Billion
Under the latest guidelines, the Fed said it will buy, on the secondary market, individual bonds that have remaining maturities of five years or less. Those purchases will go along with the ETFs the Fed already has been buying, which are balanced toward investment-grade indexes but also include some junk bond funds that track debt which had been investment grade before the crisis but had been downgraded after.
SilverSeek Mon, 06/15/2020 - 14:49
All Systems Go: Silver And Platinum
Summary Silver and platinum are witnessing material buying the last several months, as represented by a number of technical indicators. Federal Reserve money printing has reached record levels in 2020, and Congress is looking into a 4th round of stimulus to offset the coronavirus recession. We may be close to a global monetary reset for the U.S. dollar, akin to the end of the WW2 Bretton Woods system during the early 1970s. The lagging monetary/industrial metals may perform smartly into 2021 as an inflation hedge and economic recovery play. Silver and platinum valuations are holding near all-time lows versus other assets, with plenty of room to run to the upside.
SilverSeek.com Fri, 06/12/2020 - 10:06
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