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r HSBC analysts said the day after the election that before the election they expected silver prices to continue to surge if Trump was elected, and to The speed will be very fast.
rr But Trump's speech after his election gave investors a smooth transition and refocused their energy on Trump's plans for economic growth.
rr The surge in U.S. Treasury yields shows that the market is placing its hopes on the smooth implementation of fiscal policy. Rising bond yields make silver less attractive to investors because it does not earn any interest for its holders.
rr Some silver bulls are worried that a stronger economy may allow the Federal Reserve to raise interest rates at a faster pace next year after raising interest rates this month.
rr Gold has risen this year despite concerns that the Federal Reserve will raise interest rates next year. Prior to this, gold had fallen for three consecutive years.
rr Many investors believe that even though the world is in a rate hike cycle, the bull market fundamentals for precious metals still exist. The policies of the Trump administration are still unclear. Many economists say his protectionist trade policies could undermine U.S. development.