Fundamental silver price forecast for today
Joe Biden’s approval rating rise, which encourages silver bulls
In June, my article Silver is outperforming gold read that silver was the most promising investment. Much time has passed since then. Silver meets the expectations, having strengthened by 50% since the beginning of the year. The performance is almost two times better than that of the sector leader, gold. The bet on the combination of the industrial and the investment demand is winning. However, the XAG/USD bulls have been set back recently, raising doubts in the silver rally. Is the XAG/USD uptrend has ended?
Fundamental analysis bases on the patterns, just like technical analysis. Investors look for similar situations in the past. They try to predict the future price trend, according to the patterns they witnessed in the past. So, the two waves of selloffs in the precious metals market five a reason to think. If gold and silver repeat the events of 2011, when the surges to the all-time highs were followed by crashes, the bulls will have problems. After the previous recession, the inflation didn’t accelerate, as the XAU/USD and XAG/USD bulls dreamed. Will the inflation rate rise now?
Dynamics of US inflation and silver
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https://www.liteforex.com/blog/analysts-opinions/xagusd-forecast-democrats-will-support-silver/?uid=285861726&cid=58534