Silver price surges above $27: what’s next? [Video]

Phil Carr The Gold & Silver Club

Silver prices surged on Wednesday, jumping as much as 4.3% to $27.13, the highest since April 2013 . It has now risen 50% this year, outperforming even gold.

Meanwhile gold prices rocketed to a new record high on Wednesday after smashing past $2,000 for the first time, as a weaker dollar and falling returns on U.S. bonds drove investors to hoard the safe-haven metal.

Gold has soared 34% this year and is one of 2020's best performing assets, with investors buying vast amounts in the hope it will hold its value as the coronavirus pandemic upends markets.

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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