Silver is the top-performing major asset of 2020, displacing orange juice, according to a Wall Street Journal analysis, after a gain of nearly 34% since July 1.
What’s happening: The rally has been boosted by a fast-falling U.S. dollar, concern about the U.S. economy amid the coronavirus pandemic, and increasing tension in the U.S.-China trade war, analysts say.
The combination of unprecedented government and central bank stimulus measures around the globe and fears about further growth have investors betting big on precious metals.
Copper and aluminum also have been well bid in recent weeks.
Of note: Trading volume in silver rose to its highest since September 2019 last week.
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