Look Very Closely at Silver
Precious Metals Commentary (week ending 10th April 2020)
Gold advanced to $1,648 this week on US dollar weakness and silver battled with the $15 level after adding around 7% from the start of the week. The USD index retreated, putting the AUD back above 62c seeing gold for local investors pull back to $2,648 and silver $24.25.
This week we look at:
- Government stimulus to pacify stressed out and scared households.
- A close look at price action in silver and clues the market has bottomed.
Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.