Commodity Report: Silver price forecast April 2020 [Video]

Phil Carr The Gold & Silver Club

Silver prices firmed on Wednesday up 0.3% to $14 as investors sought safe-haven assets after sombre U.S. economic data exacerbated fears of an economic downturn amid increasing global restrictions and lockdowns to combat the coronavirus pandemic.

The U.S. private payrolls dropped in March for the first time since 2017, supporting economists' views that the longest employment boom in history ended last month.

U.S. President Donald Trump warned Americans on Tuesday of a "painful" two weeks ahead in fighting the coronavirus, with a mounting U.S. death toll that could stretch into the hundreds of thousands even with strict social distancing measures.

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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