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IPMI and Industry News: Industry News

Heraeus Precious Appraisal

Wednesday, June 12, 2019  
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Silver short covering rally underway, but can it continue?

 

The ongoing, US-driven trade disputes have been a positive for the gold price but a negative for silver. Economic and political uncertainties have increased, and this has supported gold demand as a safe haven asset. However, trade disruption is leading to slower global economic growth, which is a negative for silver as industrial demand accounts for 56% of silver usage. - Heraeus 06/12/2019 

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