Silver price forecast: Investors now await the outcome of the ECB's policy meeting [Video]

Phil Carr The Gold & Silver Club

Silver firmed on Wednesday on lingering uncertainties stemming from the coronavirus pandemic with safe-haven inflows driven by worries about a delay in the development of a vaccine.

Silver was up 1% at $26.85, shaking off initial declines. Investors now await the outcome of the European Central Bank's policy meeting on Thursday.

The pandemic has forced major central banks to provide massive stimulus, helping silver gain about 50% so far this year since it is considered a hedge against potential currency debasement and inflation.

Where are prices heading next? Watch The Gold & Silver Club Commodity Report now with Phil Carr for the latest price forecasts 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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