The Rise of Silver
According to Jeroen Blokland, the price of silver is gradually recovering after the September correction, which affected not only the stock market but also precious metals. Since September's lows, silver has managed to recover by 13% and continues to rise so far.
Gold Is Growing Too
Gold, another precious metal popular among investors as a defense against the markets, is also moving forward. After the recent news that the President Donald Trump was infected with the coronavirus, gold jumped in price, analysts again started talking about the possibility of growth above $1,940 per ounce.
Besides, it became known that investors from North America and Europe control about 95% of gold ETFs, whose total assets are more than 3,500 tons of the precious metal.