Commodity Report: Silver Price Forecast: 8 October 2019 [Video]
|On Tuesday, Silver prices rallied back above $17.70 as optimism around the upcoming U.S-China trade talks dimmed – fuelling safe-haven demand for the precious metal alongside gold.
Silver prices recovered from weakness at the start of the month, finding support at $17 per ounce.
Elsewhere this week, the Federal Reserve will be thrust into the spotlight. Several FOMC members are scheduled to speak and minutes from the FOMC’s September meeting are due for release on Wednesday.
With an endless list of high impact events still on the horizon from Brexit uncertainties, escalating U.S-China trade war tensions to rising concerns about the health of global economy – whichever way you look at it, the fundamental backdrop for the precious mentals remains bullish.
Where are prices heading next? Watch Phil Carr at The Gold & Silver Club review Silver with the latest price forecast and predictions:
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