On Thursday, the prices of gold and silver retreated sharply, putting the precious metals on course to end the week on a low. Several factors could be behind this price movement as the usual suspects, such as a surging USD and rising Treasury yields don’t sufficiently explain this price correction.
The fundamentals like structural deficits in the supply of silver, rising industrial demand, and the safe haven appeal of precious metals are still firmly in favor of a bullish direction. This recent price drop is therefore unlikely to significantly alter the forecasts of industry stakeholders like New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG)…
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