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Silver prices may lose further 6% in June

By: Invezz

Silver prices are trading around 1.3% lower today as investors fear a reduced consumer demand for precious metals due to troubled economies. Prices can drop further 6% if the activated head and shoulders pattern is completed in the coming days and weeks.  Fundamental analysis: March all over again? Global markets appear to have moved into the risk-off sentiment again as stocks have continued to move lower in the past few days. Similar to developments in March, the safe-haven assets are also moving lower as investors worry that the second wave of COVID-19 is coming.  According to local reports in China,

The post Silver prices may lose further 6% in June appeared first on Invezz.

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