from King World News
With the gold market hovering near $1,700, look at what is happening in the silver and copper markets.
Silver & Copper
May 12 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Industrial metals such as copper started the week on a firm footing, reaching a seven-week high, before retracing lower. Just like crude oil and growth and dependent commodities it has now established an uptrend with rising prices as easing lock-downs support a pickup in demand. Adding to this multiple initiatives from governments and central banks have all helped improved the sentiment among growth dependent commodities. This despite facing the biggest slump in global growth and rise in unemployment since the great depression…