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Fed sees interest rates staying near zero through 2022

The Federal Reserve voted Wednesday to keep benchmark short-term rates near zero. In addition to the rates move, the Fed said it would keep buying bonds, targeting $80 billion a month in Treasurys and $40 billion in mortgage-backed securities. On the economy, the Fed sees GDP tumbling 6.5% in 2020 but bouncing back to a 5% gain in 2021.

The Silver Surge

Recently, silver has made a significant move – up about 20 percent in the last month – and trading just below USD$18 per ounce at press time. Simultaneously, investment in physical silver, in the form of silver bullion coins and bars, is expected to climb for a third consecutive year,

Money managers hike bullish silver positioning

Meanwhile, silver has far greater industrial applications, so benefited from the improving economic optimism, Flynn said. Further, the metal this spring was widely considered undervalued relative to gold, so likely drew some investment buying in its role as “poor man’s gold,” as it is often called.

Orphaned silver is finding its parent

June 05, 2020

This article examines the prospects for silver, which has been overlooked in favour of gold. Due to the economic and monetary consequences of the coronavirus lockdowns and the earlier turning of the credit cycle, there is an increasing likelihood of a severe and sustained downturn that will require far more monetary expansion to deal with, favouring the prospects of both gold and silver returning to their former monetary roles. To understand the consequences for silver, this article draws…

Trend reversal in silver is coming: TD Securities bets long on silver

After reaching $19 in March 2021, TD Securities projects further gains that would see prices rise to $20.25 in the third quarter of 2021 and then to $21.75 in the fourth quarter of 2021.

Silver Takes A Break After Recent Upside Move

June 03, 2020

Silver is mostly flat today following the two-day major upside move. The market environment remains supportive for silver price upside as the U.S. dollar is under pressure, the stock market is optimistic while gold trades close to recent highs.

Silver - the underperformer finally performs, but will it last?

June 03, 2020

Silver had a rough start of the year 2020 as it failed to replicate the sharp rally in gold price due to concerns that economic slowdown on back of virus outbreak may dampen industrial demand.

Bombay Stock Exchange launches options on silver kg

June 01, 2020

"The options on goods contracts shall enable small-time jewellers, retailers to come forward and hedge their price risk on the BSE's commodity platform," said Ashishkumar Chauhan, MD and CEO of the BSE.

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