All eyes on the Covid-19 vaccine race for clues on gold and silver's next big move [Video]
![All eyes on the Covid-19 vaccine race for clues on gold and silver's next big move [Video]](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Silver/silver-miner-with-nugget-18319797_XtraLarge.jpg)
Silver slipped 1% on Thursday as the dollar edged higher and progress in COVID-19 vaccine development boosted hopes of a faster economic rebound and tempered bets for an immediate U.S. coronavirus relief package.
We have fear over the present COVID-19 conditions and lockdowns, and then hope of the vaccines coming in a few months, tugging the markets back and forth.
The intensifying second coronavirus wave is likely to delay the economic recovery process, raising the level of uncertainty and supporting the precious metal.
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Author

Phil Carr
The Gold & Silver Club
Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

















