Will silver prices shine bright in December – What’s next? [Video]
|Gold is typically one of the go-to asset classes when terms like "stagflation" and a potential "slowdown in economic growth” start to enter the headlines.
However, with Silver prices currently trading near $22 an ounce – it’s one of the most undervalued metals on earth right now and presents the biggest upside potential.
The precious metal could be on the verge of a rally as traders focus shifts to economic growth, inflation and political risks associated with the pending U.S mid-term elections.
Silver is a very thin market that generally has a habit of lagging behind the rest of the commodities complex for extended periods of time, as we have seen this year – but once it gets going, it really gets going. In my opinion, Silver could be the metal to watch this month.
Looking ahead, the major market-moving event that is likely to push Silver prices one way or the other will be Friday's closely watched U.S Nonfarm Payrolls Report for November.
Where are prices heading next? Watch The Commodity Report now, for my 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.