FXEMPIRE
All
Ad
Advertisement
Advertisement
Phil Carr
Add to Bookmarks
Silver

Rising inflation expectations and the Fed’s pledge to keep rates lower for longer – combined with the coming green energy and infrastructure spending boom, are some of the many factors that have revived interest in Silver.

Often overlooked in favour of its precious metal cousin Gold – Silver prices have tallied up an impressive gain of over 80% in the last year.

Advertisement
Know where Gold is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Silver prices are currently trading above $27 an ounce. That’s a whopping 86% rise from a year ago, when the spot price was around $14.50 an ounce.

If you want to know where Silver prices are heading next, then just take a look at the impressive gains across the rest of the metals complex from Copper, Iron Ore to Palladium.

This month, Iron Ore broke $200 a ton for the first time ever. Palladium broke above $3,000 to hit a new record high and Copper prices surpass an all-time high.

Silver is still relatively cheap compared with its peers and certainly has a lot of catching up to do. In my opinion, Silver is definitely the best trade right now and the one to watch heading into June.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

For a look at all of today’s economic events, check out our economic calendar.

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker