In a surprising turn of events, precious metals are back in the spotlight with sharp rises in silver, gold, and copper prices. These hikes have put pressure on certain stocks that investors would be wise to keep an eye on.
The “squeeze” effect seen in silver prices is due to a combination of increased demand and limited supply. Similarly, gold and copper are rallying hard, largely driven by high demand in industries such as electronics and renewable energy.
With inflation fears on the rise, investors are flocking toward precious metals, perceiving them as safe havens. This is adding fuel to the fire and creating a bullish market for these commodities.
Investors should watch for stocks of companies that mine these metals, along with firms that are heavily reliant on them for manufacturing. This squeeze could indeed create both challenges and opportunities in the stock market. Read More
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