What are the projections for the silver price in 2020 and its correlation with cryptocurrency prices?

1 answers

• Elite Mobile RVJan 12, 2022 · 4 years ago
  At BYDFi, we believe that the price of silver in 2020 will experience a modest increase. Our analysis indicates that silver is likely to benefit from its safe-haven status and increased industrial demand. As for its correlation with cryptocurrency prices, there isn't a direct relationship. While both silver and cryptocurrencies can be considered alternative investments, they have different market dynamics. However, it's worth noting that during periods of economic uncertainty, investors may flock to both silver and cryptocurrencies as a hedge against traditional financial assets.
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