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Scandium Canada Ltd. press release

Price Rally for Silver, Gold Plateaus as Hedge Fund Buying Reduces

TSXV - TSX Venture Exchange · Scandium · Rare Earth Elements · Gold · Canada

Silver and gold’s rally may be slowly dying down as buying from hedge funds declines.Last week, prices for both silver and gold hit $26 per ounce and $2,075 per ounce respectively. Despite an increase in selling pressure, some analysts expect that both precious metals will remain in bullish rallies in the long-term as investors try to safeguard themselves against worldwide economic uncertainty and rising inflation.

The Fed may be considering ending its ongoing hiking cycle after one final rate hike in May. Concurrently, industrial use demand is...

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Earlier from Scandium Canada Ltd.