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Silver and copper in focus after recent declines
Silver prices hit a two-month low on Monday, with the trigger being a technical break below key support while the driver was an ongoing risk aversion towards metals depending on growth and demand, not least in China, the world’s top consumer, where the economic outlook continues to darken with stock markets in Hong Kong and Shanghai hitting multi-year lows. With gold continuing to attract support above $2000 in anticipation of rate cuts, lower inflation and continued central bank demand, the XAUXAG ratio has risen to a 15-month high, reflecting silver’s relative cheapness. Since early December when silver, ... (full story)