Connect with us

Hi, what are you looking for?

Flex Stock TradingFlex Stock Trading


Silver and Gold Hold Steady at $2020

As the world continues to grapple with the effects of the COVID-19 pandemic, the global economy has been thrown into a state of uncertainty. However, amidst all the chaos, two precious metals have managed to hold steady and even increase in value – silver and gold.

At the time of writing, silver is trading at around $27 per ounce, while gold is hovering around $1,950 per ounce. Both metals have seen significant gains over the past few months, with gold hitting an all-time high of $2,075 in August.

So, why are silver and gold holding steady in the midst of a global crisis? There are several factors at play.

Firstly, both metals are seen as safe-haven assets. When investors are uncertain about the future of the economy, they tend to flock to assets that are considered to be low-risk. Silver and gold have a long history of being reliable stores of value, which makes them attractive to investors during times of economic turmoil.

Secondly, the COVID-19 pandemic has caused a lot of uncertainty in the markets. With many businesses shutting down and people losing their jobs, there is a lot of fear and uncertainty about the future. This has led to a flight to safety, with investors looking for assets that are likely to hold their value even in the face of economic uncertainty.

Finally, the US dollar has been weakening in recent months. As the world’s reserve currency, the US dollar is often seen as a safe-haven asset in times of crisis. However, with the US government printing trillions of dollars to stimulate the economy, the value of the dollar has been declining. This has made silver and gold more attractive to investors, as they are seen as a hedge against inflation.

So, what does the future hold for silver and gold? While it’s impossible to predict the future with certainty, it’s likely that both metals will continue to hold their value in the coming months. With the pandemic still raging on and the global economy in a state of flux, investors are likely to continue seeking out safe-haven assets like silver and gold.

In conclusion, silver and gold have proven to be reliable stores of value in the midst of a global crisis. While the future is uncertain, it’s likely that both metals will continue to hold their value in the coming months as investors seek out safe-haven assets.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Forex trading is a popular investment option for many people around the world. It involves buying and selling currencies in the foreign exchange market...


    Day trading is a popular way to make money in the stock market. It involves buying and selling stocks within a single trading day,...


    Ether, the second-largest cryptocurrency by market capitalization, has been gaining popularity over Bitcoin in recent times. This is largely due to the Shanghai Fork,...


    The ANZ stock price has been on a downward trend in recent weeks, and many investors are wondering why. The answer lies in the...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024