The contraction in the US Dollar continues to fuel a rally in Gold and Silver. Commodities are priced in US Dollars, and safe-haven assets have an inverse relationship with it. Traders are also preparing for a bumpy 2020 with economic concerns increasing. Economic data out of China this morning pointed towards further weakness in the global pipeline, this time in the services sector. Can Silver continue to rally in 2020 or will bears step in? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Silver represents a much smaller market as compared to Gold, but the upside potential in percentage terms is significantly greater. Forex traders should consider hedging their currency trades with commodities. The next decade is expected to be a lot more turbulent than the past two, and financial markets have mispriced economic as well as geopolitical risks. Will Silver accelerate past the $20 in 2020? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.