Silver firmed on Wednesday on lingering uncertainties stemming from the coronavirus pandemic with safe-haven inflows driven by worries about a delay in the development of a vaccine.
Silver was up 1% at $26.85, shaking off initial declines. Investors now await the outcome of the European Central Bank's policy meeting on Thursday.
The pandemic has forced major central banks to provide massive stimulus, helping silver gain about 50% so far this year since it is considered a hedge against potential currency debasement and inflation.
Where are prices heading next? Watch The Gold & Silver Club Commodity Report now with Phil Carr for the latest price forecasts and predictions:
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