Will Silver Outperform Gold in Q1 2021? [Video]
|After posting a 47% gain in 2020, Silver prices are currently within a range as traders await a fresh fundamental spark to ignite the precious metals next big move.
On Thursday, U.S. President-elect Joe Biden unveiled a $1.9 trillion stimulus package proposal to jump-start the economy and accelerate coronavirus vaccinations.
Elsewhere, Federal Reserve Chairman Jerome Powell said there is no reason to alter the central bank's highly accommodative stance with the U.S. economy still far from its inflation and employment goals.
Short-term headwinds aside, the fundamental backdrop for the precious metals complex remains extremely bullish in the long-term.
Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:
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