MCX Silver Tips Today Rocking 61540 to 62200 Full Target Hit – Neal Bhai
It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce.
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It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce.
Silver prices have risen around 15% this week to seven-year highs that some analysts see as the start of a bull run powered by low interest rates, resurgent investment demand, disrupted production and a recovery in industrial consumption.
Gold futures climbed Tuesday to settle at a nearly nine-year high and silver rallied to prices not seen since 2014, with the precious metals lifted by an agreement on a fiscal rescue plan by European leaders and expectations for additional spending by the U.S. government.
Gold could rise to $3,000 to $5,000 an ounce in the next three to five years, up from the current price of $1,800.
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