Market witnessed a Silver 14 year high!
Uncertainty in trade policy that pushed up silver Augmont Bullion presented their daily analysis and technical price front during the week [7 to 11 July]. Well until they talk about gold and the related trend yet, on the 11 July, they suggested, silver trades at a 14-year high on trade policy uncertainty! Further Augmont viewed, due to trade policy uncertainties, silver has hit a 14-year high on global markets and a lifetime high on domestic markets, with a breakout trading above $37.5 (~Rs 110,000). In the face of growing trade tensions, demand for safe-haven assets drove gold's price up to about $3340 (~Rs 97000). President Donald Trump indicated plans to impose blanket tariffs of 15–20% on the majority of foreign trading partners and declared a 35% tariff on Canadian goods beginning August 1. Additionally, President Trump announced this week in a letter to Brazil that the nation will be subject to a 50% duty on commodities imported ...