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“Resurgent dollar pushes down prices of gold and silver” – Financial Times #silver

TSI editor’s note: In an article posted on the Financial Times, Henry Sanderson writes that silver’s recent decline is largely because of a strengthening of the US dollar. While that may be the primary factor, Sanderson also warns that “Concerns over a slowing global economy and a second wave of coronavirus have also hit silver, which has more industrial applications than gold.” Despite these downward pressures, the author reports that analysts from Commerzbank are still optimistic about the future direction of the silver price, even in the short term.

Photo by Pixabay on Pexels.com

Continue reading at: https://www.ft.com/content/efdd8d6c-1a3a-4871-aac4-e68637090d37

Categories: Uncategorized

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