Having consolidated above key resistance at $19.2 Silver has strong upward momentum to continue rising towards multi-year highs above $20. Silver's weaker performance in comparison to Gold and the Gold/Silver ratio being relatively high has seen increased demand for Silver as it is seen as an attractive proposition for investors in this environment of low rates and extensive QE by central banks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.