Gold, Silver Rally Hard on Softening USD

Silver shares some ‘safe haven’ attributes with gold but is inherently more leveraged to global growth and manufacturing recovery. Both however are about to breakout as gold breaks through the 1900oz market with silver following the same pattern.

Remember as the US economy continues only in a slightly recovery pattern, both gold and silver will further accelerate in value, due also in part because of the weakening US Dollar and uncertainty of a global recovery because of Covid-19. The real question here is will there be a phase 2 or even a Phase 3 of the pandemic which until a proven vaccine is proven, world economies will continue to be held hosted, causing further increases is gold and silver as more safe investments.