Silver - Short - Continued Downward Momentum

2020년 11월 26일

We still hold a short view on Silver and are encouraged that the precious metal has continued it's downward momentum despite US dollar weakness and the impact of the 2nd wave of the coronavirus. Therefore we still expect Silver to reach support at around $21 in the coming weeks in particular as there appears to be less demand for safe haven assets in the wake of announcements of successful coronavirus vaccine trials.