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| Silver |
Gold and Silver has continued an uptrend and hit a record high on Thursday's trading session. Silver has touched a record high of $49.35 rising about 4 % breaking earlier record in the year of 1980. while gold has touched all time high of $ 1536 and retreated to $1532. while dollar continued weakening and touched record low after fed has continued low interest rate low and monetary easing policy to help struggling economy and job markets.
Main action in commodities are due to weak dollar, uncertainty over libya, euro zone debt concerned and rising inflation v/s historically low interest rates, downgrade looms over US debt.
These all factors sum up to a continuous rally in Gold and Silver. According to the Analysts' view there is a still momentum in precious metal prices and it will continually move higher. Every dip will be a buying opportunity according to Wall Street Analysts.
