Silver May See Another Boom. Forecast as of 21.08.2024

The current market conditions are less favorable for silver than for gold. The white metal is widely used in industry, and the slowdown in the global economy is creating challenges for the XAGUSD. However, market analysts remain optimistic. Let's discuss this topic and make a trading plan.Highlights and key points The start of the Fed's monetary expansion is good news for XAGUSD. The global economic slowdown may reduce the demand for silver. Silver needs another boom, as in 2011, to grow steadil