Silver gets the attention it deserves in today’s news—you will read why investors are falling all over each other to buy up silver, a positive forecast where silver is expected to finish strong through 2020, and how this new bull market for precious metals still holds a lot of growth in store for silver and other metals this year. Those silver linings and more in today’s news.

Let’s dig in…

Stock Market
Why Investors are Pouring Record Amounts into Wall Street’s New Favorite Safe Haven

Gold is getting all the press these days with its historic rally that pushed the price above $2,000 an ounce for the first time. But silver deserves attention, too. Did you know that silver prices have gone up about 60% since the beginning of 2020 and closed at more than $28 per ounce on Monday? The grey metal hasn’t seen trading levels like this in over seven years.

WHAT FACTORS ARE MOTIVATING THIS SILVER RALLY?

Interview
Metals Daily Interview with Tradewind Markets CEO Mike Albanese

On Tuesday, the Metals Daily YouTube channel published an interview with Mike Albanese, the CEO of Tradewind Markets. Tradewind is a company that makes a technology platform for digitizing the trading, settlement, and ownership of precious metals. Listen in as he talks about their future plans and ambitions for the business.

WATCH OR LISTEN TO VIDEO

Stock Market
Welcome to the New Bull Market for Precious Metals

With the record levels of debt relative to global GDP caused by ongoing accommodative monetary policy, the central banks are in a pickle now. According to Zero Hedge, “there has never been a bigger gulf between underlying economic fundamentals and security prices. What is weird is how we are in a global recession, yet equity and credit markets are still trading at outrageously high valuations. Markets are trading on a perverse combination of Fed life support and…

Economy
3 Reasons Why the U.S. Dollar Will Weaken More and Prompt a New Gold Surge

A crumbling dollar could not only continue the current wave of buying gold—a new wave of gold investing that’s higher than before could be triggered, as the U.S. dollar index declined to 92 points, floundering against other currencies. Some investment firms are not budging with their pessimism toward the dollar, predicting even further declines. Many major investment firms don’t expect this paradigm to change soon. Let’s now look at

3 REASONS WHY THE DOLLAR WOES WILL WORSEN

Latest News
Precious Metals Cool as Recovery Hopes Warm Up

Gold backtracked on Wednesday from a near two-week high in the prior session as the dollar rebounded and strong U.S. manufacturing data raised hopes of a swifter global economic recovery. Spot gold fell 0.7% to $1,957.15 per ounce by 1133 GMT, after hitting its highest since Aug. 19 at $1,991.91 on Tuesday. U.S. gold futures dropped 0.6% to $1,966.70. Gold is being weighed down by the rise in equity markets and the dollar, but “it’s not very surprising that investors will take a little bit of profit” after Tuesday’s rally in gold, said Commerzbank analyst Eugen Weinberg.

Commentary
Will Silver Shine Brighter than Gold in 2020?

According to Harry Tchilinguirian, a Senior Commodity Economist at BNP Paribas, Silver will likely outshine gold in the balance of the year, getting help from ETFs (exchange traded fund) flowing into the grey metal. Here is one key quote from this commentary: “With gold hitting new nominal highs, investor demand has, we believe, switched to silver as a cheaper alternative to hedge macro risk through precious metals.”

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