Silver rose more then 15% this week extending a surge above $14 an ounce after the Federal Reserve took unprecedented measures to protect the U.S. economy from the coronavirus shock.
The precious metal jumped, rallying with risk assets, after the U.S. central bank said on Monday it would buy unlimited amounts of Treasury bonds and mortgage-backed securities to keep borrowing costs low. The Fed also set up programs to ensure credit flows to corporations as well as state governments.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Silver with the latest price forecast and predictions:
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