Commodity report: Silver Price Forecast: 21 August 2019 [Video]

Phil Carr The Gold & Silver Club

Silver prices continue to rise on Wednesday hovering above the $17 level as investors await the minutes from the U.S. Federal Reserve's last meeting, which is expected to shed more light on interest rate cuts.

Traders are also awaiting the central bank's annual Jackson Hole seminar later this week with major focus on a scheduled speech by Fed Chair Jerome Powell.

The escalation in the trade war between the world's biggest economies and an increasingly dovish shift in policy by central banks have contributed to a more than 5% rise in silver this month.

Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Silver with the latest price forecast and predictions:

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.

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