Investors’ hunger for gold remains unsatisfied with the bullion price skyrocketing in the last few days to the highest in 9 years. The price has also achieved historic levels in many other currencies, reaching 50,000 Indian rupees per 10 grams for the first time while in USD the price surpassed $1,850, confirming its solid bullish trend.
In this scenario, with growing expectations for a quick economic recovery, silver seems to be the main winner, with the price jumping close to $23, before slowing down to $22. We are in a state of euphoria for this precious metal, as its price is up 90% from the bottom reached just four months ago in March’s panic selling.
