Chinese Speculators Set the Stage for Gold and Silver Crash
Bloomberg.com • • business
Key Points:
- Silver prices briefly exceeded $40 an ounce only a few times historically before last year, marking those instances as rare events.
- Recently, silver experienced a dramatic plunge of $40 in under twenty hours, surprising and exhausting traders.
- Metal prices, including gold, copper, and tin, have been rising sharply, driven more by speculative investment from China than traditional supply and demand factors.
- Traders have been closely monitoring these volatile price movements, reflecting heightened market uncertainty and speculative activity.
