As we know, gold is always considered a hedge against inflation; when the USD goes down, gold is always the first consideration. Same as gold, silver is also a good choice. Same as other natural resources, silver moves up when stock and other bonds go down. So, silver can also help you go through an economic recession and poor stock market. Besides trading, the demand for silver is always there, jewelry, manufactory, technology; since all of these sectors need silver, we do not need to worry about how it goes
At the beginning of this year, due to the inflation rate and worldwide pandemic COVID-19, the price of silver made a record of the last three years, which could delight some of the investors. Recently, we must pay more attention to it. Since the vaccine started to work worldwide, the pandemic is getting controlled besides Indian still in a big problem. As a result, people get their confidence back in the economy again. Most of the industries reopened, which means our economy gets back to work. Finally, inflation could be digested. Today, we already witnessed a downward movement. Is this a signal for the near future?
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