Friday, March 5, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Silver Foreign Silver Coins

Silver prices plummet as mints can’t keep up with demand

Gold Investment Experts by Gold Investment Experts
in Foreign Silver Coins
2 min read
0
Silver prices plummet as mints can’t keep up with demand
1
SHARES
10
VIEWS
Share on FacebookShare on Twitter


Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!

(Kitco News) – Treasured metals have plunged within the markets, however there’s nonetheless demand for bodily cash within the midst of the coronavirus outbreak, this based on Phil Streible, chief market strategist of Blue Line Futures.

“I can let you know one factor, I referred to as across the final couple of days making an attempt to purchase bodily metals, particularly bodily silver, and silver was a $1.50 to $2.00 over spot, so there’s an underlying demand that’s on the market proper now, simply extra on the bodily facet,” Streible advised Kitco Information.

His feedback come as spot silver retreated $1.70 an oz. on Monday. 

Streible famous that whereas bonds have completed effectively, there might not be a lot upside left given the run-up we now have already seen.

“It looks as if the one place that anybody discovered any secure haven in was the bond market, however with yields dipping again down beneath 0.64%, I suppose that there’s not a lot room there on the upside,” he stated.

On metals, Streible stated that it’s higher now to be positioned within the bodily house, relatively than the miners or leveraged merchandise.

Gold ought to be bouncing again from this selloff later within the 12 months, he stated.

“The important thing stage it’s a must to take a look at in gold is $1,508. That’s the 200-day transferring common, if we don’t shut beneath there, I believe we’d nonetheless be in a fairly wholesome market,” he stated.



Disclaimer: The views expressed on this article are these of the creator and should not mirror these of Kitco Metals Inc. The creator has made each effort to make sure accuracy of data offered; nonetheless, neither Kitco Metals Inc. nor the creator can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any alternate in commodities, securities or different monetary devices. Kitco Metals Inc. and the creator of this text don’t settle for culpability for losses and/ or damages arising from the usage of this publication.

Related posts

Is silver the next GameStop? What you need to know before you buy

Is silver the next GameStop? What you need to know before you buy

Taper tantrum takes a bite out of gold

Taper tantrum takes a bite out of gold



Source link

Previous Post

Joe Biden endorses Elizabeth Warren’s bankruptcy reform

Next Post

After Trump boasts about rally, Wall Street tanks again

Next Post
After Trump boasts about rally, Wall Street tanks again

After Trump boasts about rally, Wall Street tanks again

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Gold Investors Should Look at Past Elections

Gold Investors Should Look at Past Elections

A time to shine: Gold reaches highest value in years

A time to shine: Gold reaches highest value in years

US congress breach causes lower Gold prices in Egypt, 21-karat at LE 810

US congress breach causes lower Gold prices in Egypt, 21-karat at LE 810

Todays Gold Rate in Bhubaneswar, 22 & 24 Carat Gold Price on 11th Aug 2020

Todays Gold Rate in Lucknow, 22 & 24 Carat Gold Price on 11th Aug 2020

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    12 shares
    Share 5 Tweet 3
  • Palladium Surges above $2,400. Is It Sustainable?

    4 shares
    Share 2 Tweet 1
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    4 shares
    Share 2 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    3 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    3 shares
    Share 1 Tweet 1
  • Concerns rise over fake gold in Saudi Arabia

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • Form 8.5 (EPT/RI) – Afh Financial Group Plc
  • Are Stocks Enough, or Can Your Portfolio Do Better?

Recent News

AP Top Extended Financial Headlines at 7:07 a.m. EST

Form 8.5 (EPT/RI) – Afh Financial Group Plc

Are Stocks Enough, or Can Your Portfolio Do Better?

Are Stocks Enough, or Can Your Portfolio Do Better?

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.