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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Where silver prices are heading

Posted on 13 August 2013

Silver prices continue to wander aimlessly around the $20-an-ounce level as the white metal is buffeted by many of the same factors restraining the gold price. This drifting comes after a dramatic drop of 35% in the first half 2013.
As with gold, much of the drop is due to fears that the U.S. Federal Reserve will begin “tapering” purchases of bonds from its current $85 billion-a-month level. If this comes to pass, the financial markets currently believe this will reduce excess liquidity and therefore any possible inflationary fires………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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