In an unexpected turn of events, The Bank of America has revised its prediction for the Silver market foreseeing prices reaching a $65 pinnacle. This comes in the wake of an abrupt price hike that has staggered the London market, leading it into what can only be described as a ‘state of seizure’.
The Bank’s economic analysts argue that this surge is essentially due to a combination of global factors, including increasing raw material costs and widespread market volatility spurred by unprecedented global events. Further, it’s an undeniable fact that precious metals like silver stand to gain when uncertainty is the order of the day.
Although promising for investors and silver miners, critics warn that such fluctuations could lead to a potential bubble. Consequently, they urge all parties to tread carefully, particularly considering the instability of the present global economic framework. Read More
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