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.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions

 

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