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Video: Silver in Middle of Week August 3-7, 2020

August 5, 2020 at 11:59 by Vladimir Vyun

In the present video, Phil Carr from The Gold and Silver Club talks about silver in the middle of the week of August 3–7, 2020. He starts the video by mentioning that the gold-silver ratio broke down, and July was the best month for the metal in history with prices demonstrating an over 33% gain. Phil then talks about Goldman Sachs forecasts, which now promise silver to reach $30 within the next 12 months. He warns, though, that August is historically a strong month for gold, meaning that silver may underperform compared to the yellow metal. But the overall outlook remains bullish.

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