A precious metal is a rare naturally occurring metallic chemical element of high economic value. Precious metals are often referred to as the ultimate safe-haven assets during the times of market turmoil and high volatility. Because of this a lot of experienced investors hold at least some part of their portfolio in precious metals.
BlackBull Markets' Metals
|XAU/USD (Gold vs US Dollar)||Gold is the go-to safe-haven investment, meaning that during any periods of financial instability, political crisis or lower interest rate periods, investors are drawn to gold. This results in a generally negative correlation with the US Dollar|
|XAG/USD (Silver vs US Dollar)||Silver is a safe-haven investment as well, however to a far lesser extent than gold. Silver is also effected by solar panel demand (production component) and by purification and medical requirements due to its antibacterial properties|