Invesco DB Silver Fund
Fewer haven bids and speculation surrounding rises in the US interest rate are among the important indicators that have contributed to plummeting silver prices.
Gold broke its key level of $1,300 per ounce on Tuesday, October 4, 2016. But investors are seeing gold’s 200-day moving average of $1,258 per ounce as a resistance level.
Since 2013, Germany has resorted to the gold repatriation plan, which aims to transfer ~673 metric tons from foreign storage back to Germany by 2020.
Negative interest rates around the globe, along with overall economic concerns, are adding to the unrest in the Market.