Silver is one of my favorite commodities to follow, and for good reason. Silver is one of the unique commodities in the sense that it is not just a commodity that's used by the public, it's a safe haven investment. After an in depth analysis into the precious metal, I'm ready to dump my life's savings in it because I believe that recent gains are just the beginning of the growth we're likely to see. Today, we'll talk about the factors that cause movement in the value of silver, what we're seeing with regard to these factors at the moment, what we can expect to see from the price of silver moving forward, and how binary options traders can take advantage of the trends.
What Factors Cause Movement In The Value Of Silver
As with any other commodity, silver is largely at the mercy of supply and demand. When supply is high and demand is low, the value of the commodity declines. Adversely, when supply is low and demand is high, the value of the commodity climbs. It's also important to keep the safe haven qualities of silver in mind. As a safe haven, silver is one of the assets that investors flock to when market activity is poor. So, when we see declines in the market, we can expect to see increases in demand for silver, and therefore an increase in price.
Why I Believe That Silver Is Likely To Climb
As mentioned above, there are two primary factors that cause movement in the price of silver. They are supply and demand. Here's what we're seeing with regard to the supply of and demand for the precious metal…
