Last week was all about a strengthening USD and rising bond yields in both nominal and real terms with an obvious negative impact on both gold and silver. Since then, we have seen a small rebound and expect that the gold price may extend to US$1830. Silver has support at US$25.40. Interestingly, silver ETFs saw a notable inflow, with silver holdings increasing by 61 million ounces since January 29th, 2021, with more interest in the market it is going to make for an exciting long-term outlook - this is just one week in the world of precious metals - February 9th, 2021.
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The information contained in this video is of a general nature and is provided for information purposes only. It is not intended to constitute advice, nor to influence any person in making a decision in relation to any precious metal or related product.