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Video: Silver in Middle of Week August 3-7, 2020

Summary:
In the present video, Phil Carr from The Gold and Silver Club talks about silver in the middle of the week of August 3–7, 2020. He starts the video by mentioning that the gold-silver ratio broke down, and July was the best month for the metal in history with prices demonstrating an over 33% gain. Phil then talks about Goldman Sachs forecasts, which now promise silver to reach within the next 12 months. He warns, though, that August is historically a strong month for gold, meaning that silver may underperform compared to the yellow metal. But the overall outlook remains bullish. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below. © Commodity

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In the present video, Phil Carr from The Gold and Silver Club talks about silver in the middle of the week of August 3–7, 2020. He starts the video by mentioning that the gold-silver ratio broke down, and July was the best month for the metal in history with prices demonstrating an over 33% gain. Phil then talks about Goldman Sachs forecasts, which now promise silver to reach $30 within the next 12 months. He warns, though, that August is historically a strong month for gold, meaning that silver may underperform compared to the yellow metal. But the overall outlook remains bullish.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.


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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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