Thursday, November 19, 2015

Silver Prices to Soar on China’s Economic “Slowdown”

Published here: http://www.profitconfidential.com/silver/silver-prices-to-soar-on-chinas-economic-slowdown/

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.

0 comments:

Post a Comment