Click here to read the previous silver price update.
After an exciting Q1 where passionate retail investors piled into physical silver and drove the “silver squeeze” narrative, how did the white metal fare in the second quarter?
Following its hot start to the year, silver cooled down in Q2 — it experienced a small rise overall during the three month period, but was unable to break past the US$30 per ounce level.
Read on to learn what factors expert market watchers believe are important for silver right now, and what they think could be coming for its price in 2021.
Silver Price Forecast - What Happened And Where Do We Go From Here?
Our Jam-Packed FREE Silver Report Highlights Key Insights, Exclusive Interviews And Promising Stock Picks!
Silver price update: US$30 ceiling firmly in place
While the first quarter of 2021 brought excitement for the silver price, Q2 was a different story.
After climbing fairly steadily from the beginning of April to mid-May, the white metal peaked for the quarter at just above US$28 on May 18. It then plateaued until halfway through June before falling; silver ultimately closed the three month period around the US$26 mark.
US$30 is seen as an important level for silver, and the precious metal has been unable to cross it for quite some time — in fact, the last time it was above that point was back in 2013.
Speaking to the Investing News Network (INN), David H. Smith, senior analyst at the Morgan Report, said the US$30 area has proven more...
Read Full Story: https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/silver-price-update/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.