“The last time silver had such a large discount was the first week of May. After that, the price rose more than $1.25,” reports ETF Daily News.
Related: Why Investors Shouldn’t Overlook Commodity ETFs
Looking ahead, the ongoing negative interest rate environment, with European and Japanese central banks cutting benchmark rates deeper into the red to promote growth, could push investors toward precious metals as a more stable store of wealth.
Moreover, unlike gold, silver sees much higher industrial demand. The precious metal enjoys heavy industrial demand that benefits from an expanding global economy.
For more information on the silver market, visit our silver category.