According to Brien Lundin, editor of the Gold Newsletter, the COVID-19 coronavirus' impacts will likely be felt more on a mental level than have a long term effect on the market despite a central bank interest rate cut.
In regards to the recent dramatic slip the precious metals sector experienced on Friday (February 28), the host of the New Orleans Investment Conference explained that silver faced headwinds on two fronts, one as a safe haven asset amid a liquidity crunch and one as an important raw material in a global economy that is is full of volatility.