Sturdy Institutional Investment Pushes Silver Prices Higheron March 18, 2017 at 06:37
(Washington, D.C. – March 16, 2017) The silver price tag has started out 2017 on a constructive tone, increasing by roughly 9 percent given that the beginning of the year.
The power of silver costs is largely due to enhancing sentiment between institutional investors. Altering expectations in direction of the outlook for U.S. curiosity rates and the proliferation of negative policy prices across other essential reserve currencies has rekindled institutional investor curiosity in treasured metals. Meanwhile, a marked improvement in silver industrial offtake, led by photovoltaics, which accomplished a record large last year, is also helping. All these factors in flip have fueled investment inflows into silver futures, choices, exchange traded goods (ETPs) and above-the-counter products.
Moreover, even though expectations about a U.S. Fed charge hike this month noticed treasured metals encounter some promoting pressure earlier this yr, the charge rise announced yesterday and accompanying dovish Fed remarks have been met by healthy silver value activity.
gold and silver prices continue to be steady as dollar comes underneath stress…
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Published at Thu, 16 Mar 2017 22:01:55 +0000