Silver - Hedging for Inflation

11 พ.ย. 2021

Gold and Silver have both surged higher on the back of soaring US inflation and have reclaimed their status as inflation hedges after many months of not moving on Inflation data.

Gold moved $40 higher and Silver $1.80 as US printed 6.2% Y/Y headline inflation for October.

The Inflation debate is likely to remain for many months and each time its affirmed should help Gold and silver. We pick silver as it moves % more and has more upside if can break old resistance levels.

Buying dips as long as we hold above $24 and Targeting $26 to $30 in coming days/weeks.

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