“Investors are pouring record amounts into Wall Street’s new favorite ‘safe haven’” – Fortune Magazine #silver

TSI editor’s note: In a new article in Fortune Magazine, Rey Mashayekhi writes that silver is getting a lot of attention from Wall Street. According to Mashayekhi, “But it’s the less lustrous silver that’s having a moment. Silver prices have climbed roughly 60% since the start of 2020 and closed at more than $28 per ounce on Monday, with the metal trading at levels not seen in more than seven years.” The author states that the driving forces for silver’s increased pricing are Federal Reserve money printing, increased industrial demand, economic turbulence, and a potential for “…renewable energy applications, such as solar panels, that feature prominently in Democratic presidential nominee Joe Biden’s climate plan.”

Photo by George Becker on Pexels.com

Continue reading at: https://fortune.com/2020/09/01/silver-rally-wall-street-safe-haven/

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