Silver Spikes 7% - Here's Why

Precious Metals Commentary (week ending 19th July 2019)

Benefitting from dovish comments by NY Fed President, gold moved to USD$1,444 - the highest price since 2013. However the real surprise was silver, which rallied over 7% in five days to USD$16.32.

This week, we look at:

  • Silver’s surge and possibility of AUD$30 by year-end
  • The opportunity for a punt on platinum
  • Billionaire Dalio’s advice to buy gold to hedge a coming paradigm shift

Silver Price Chart

 Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.