Sturdy Institutional Investment Pushes Silver Prices Greateron March 19, 2017 at 09:38
(Washington, D.C. – March 16, 2017) The silver price has commenced 2017 on a positive tone, increasing by approximately 9 percent since the beginning of the yr.
The power of silver rates is largely due to improving sentiment amongst institutional traders. Changing expectations towards the outlook for U.S. interest charges and the proliferation of adverse policy charges across other essential reserve currencies has rekindled institutional investor interest in precious metals. Meanwhile, a marked improvement in silver industrial offtake, led by photovoltaics, which attained a record large final year, is also assisting. All these variables in flip have fueled investment inflows into silver futures, alternatives, exchange traded products (ETPs) and in excess of-the-counter goods.
Additionally, even though expectations about a U.S. Fed fee hike this month saw treasured metals face some selling pressure earlier this 12 months, the fee rise announced yesterday and accompanying dovish Fed comments have been met by healthful silver price exercise.
gold and silver rates stay regular as dollar comes below pressure…
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Published at Thu, 16 Mar 2017 22:01:fifty five +0000