Silver price forecast: Investors now await the outcome of the ECB's policy meeting [Video]
|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:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.