Will Silver Prices Rise In October?
And that is exactly what we are seeing heading into a fresh month and fresh quarter.
Despite the near-term volatility, many traders remain bullish on Silver in the long-term, as they expect the global green energy transition to drive up demand for the precious metal.
Growing demand for clean energy and electric vehicles will make Silver an essential commodity similar to its peers such as Copper, Palladium, Lithium, Nickel and Uranium – all of which have surpassed multi-year highs in recent months.
Silver has a habit of lagging behind the rest of the commodities complex for extended periods of time – but once it gets going, it really gets going.
Historically, Silver has a well-documented track record of staging spectacular comebacks, when you least expect it. With prices currently in significantly oversold territory – ultimately suggests Silvers fortunes could be about to turn.
Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:
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