Analytics

No compression in the silver market in the near future
Two months have passed since private investors, participants in specialized forums on the Reddit social network, boosted the stock prices of GameStop and other companies to sky-high heights through coordinated purchases. The excitement during this time is verse, and the indicators returned to normal.
Why is gold and silver the money of the future?
Precious metals are reliable money, and bitcoin will not be able to fulfill this role. The market for this cryptocurrency is small and not recognized by the vast majority of investors. However, its price has been steadily increasing since the beginning of 2017. Recently, the demand for precious metal has decreased due to the rapid growth of bitcoin quotes.
Gold imports to China will increase
China is the largest gold producing and consuming country in the world. Every year, it sells more than 100 tons of yellow metal products worth tens of billions of dollars. The coronavirus pandemic had a negative impact on the gold market in the Middle Kingdom.
World Gold Council: Gold Report for Q1 2021
In the first three months of this year, an ounce of yellow precious metal fell by almost $300. Gold quotes decreased by 13%, from 1943 to $1691. This is the most depressing quarterly indicator since 2016.
Gold quotes rise amid declining US bond yields
Yellow metal is one of the most important protective assets. Recently, the popularity of precious metal has grown rapidly. Investors are willing to buy it in times of pandemic and economic instability.