Yuan Devaluation Bolsters Silver Price Outlook
Although silver prices have been in decline since 2011, the yuan devaluation will likely lift precious metals to untold heights. Silver investing is a tough business. And fears of a U.S. dollar collapse in 2016 are pushing investors back towards hard assets like silver.
It may be tough to imagine silver rebounding after the rout it’s had. The grey metal is down more than 70% from its previous high in 2011—a long tumble that could shake anyone’s confidence. But there are some encouraging developments.
The post Silver Price Forecast: Yuan Devaluation Could Send Silver Prices to $50 appeared first on Profit Confidential.