HomeBusinessSilver Don Blow Past $70, Gold Dey Shine Like Star

Silver Don Blow Past $70, Gold Dey Shine Like Star

Na wah! Silver don burst everywhere as e don clear $70 per ounce, my people!

Yesterday, silver gingered up like say na Christmas as e rise 3.2% reach $71.22 for ounce. E don chop big 147% this year alone! No be joke o. Wetin dey drive this rally? Supply no dey, demand dey wahala, and people dey rush am like say na jollof rice wey don finish!

Peter Grant wey be VP for Zaner Metals talk say silver dey hot now because as dollar dey waka weak, e make am shine for overseas buyers. Na $75 na wetin dem dey eye next, but make we no forget say some people fit wan collect dem profit by year-end, so e fit pull back small.

As for gold, e no dey left behind! Gold dey flex muscles as e also touch $4,500 per ounce for the first time, after e don climb 1.1% just like that. Analysts don dey talk say this gold wey we see now fit go reach $5,000 by next year. This one no be only Christmas ginger, na long-term strategy wey dey push am up!

But wetin dey happen for the background? U.S. president Trump dey put pressure for Venezuela wey dey cause all this geopolitical wahala. Oil tankers dey face big trouble, and investors dey run come gold and silver like say dem be Firewall.

Platinum no dey left out too, as e don rise to about $2,268.95, wetin show say everything dey catch fire for the precious metal market!

As election dey near, na so we see wetin dey happen for straight-up because investors dey afraid and e dey make sense to hide for gold or silver. With all these calculations and market reactions, e no clear if the metals go continue this relay or if we go see any shake as the year end dey come.

So my people, as we dey gaze these metals like we dey watch blockbuster film, make we keep our ears sharp for any news wey fit change this story. One love!


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Rachel Adams
Rachel Adamshttps://nnn.ng/
NNN publishes breaking news from Nigeria and around the world, to ensure that every Nigerian can read national news. NNN is committed to publishing news that is accurate, reliable, authoritative, and thoroughly researched.
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