Silver prices up 140 percent from 2020 low
“The silver price hike has been fueled by its inherent safe-haven status, fears of inflation, remarkably low interest rates and continued liquidity boosts by central banks. The jump in price reflects renewed interest by both retail and institutional investors in silver as an investment vehicle.”
USAGOLD note: A nice, brief summation from the Silver Institute of what has happened in the silver bullion market since the March lows. A good introduction for those new to the silver market and contemplating a purchase. One of the more interesting developments over the past several years has been its evolution from a precious metal principally used in industry to one that combines industrial demand with monetary demand from investors seeking a financial safe haven.
Repost from 8-6-2020