This Could Send Silver Prices Skyrocketing
Silver prices are getting hammered, down for the last 13 sessions, which is the precious metal’s longest losing streak since 1950. Currently trading near $14.15 an ounce, silver prices are down 10% year-to-date and 72% off their high near $50.00, which was hit in April of 2011. The precious metal is taking a beating from the likelihood of a rate hike in the New Year and diminished industrial demand, as China’s economic growth slows. Unfortunately, these narrow-minded views actually underscore why silver prices will soar.
The post Silver Prices to Soar on China’s Economic “Slowdown” appeared first on Profit Confidential.
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