Optimism of Vaccines Presses all Metals, save Industrials

<h3>The Metals Complex</h3>
<p><strong>Silver</strong> prices fell more than <strong>2%</strong> on Monday, as traders monitored developments in the COVID-19 vaccine. The British government announced yesterday that the country was getting an additional 2 million doses of the Moderna COVID vaccine, while the Director General of the Russian State Center for Virology and Biotechnology Research (VECTOR) Rinat Maksyutov stressed that the vaccination and immunity process could accelerate the end of the pandemic to within 2021. Silver fell by more than 2%, while carving a low of <strong><span>21.88</span></strong> near the support level of <span><strong>21.65</strong></span>, before recovering the <strong><span>22.00</span></strong> handle. <strong>Gold</strong> dipped to <span><strong>1,764</strong></span>, <strong>Platinum</strong> fell to <span><strong>950.70</strong></span>, before advancing to <strong><span>973.5</span></strong>0 and <strong>Palladium</strong> fell to <span><strong>2,387</strong></span> before reversing to <span><strong>2,400</strong></span>. Meanwhile, <strong>Copper</strong> gapped higher to <span><strong>3.5000</strong></span> from Thursdays close at <strong><span>3.3545</span></strong>.</p>
<p><a href="https://analysis.hotforex.com/wp-content/uploads/2020/11/silver.jpg"><img loading="lazy" class="alignnone size-large wp-image-192082" src="https://analysis.hotforex.com/wp-content/uploads/2020/11/silver-1024×461.jpg" alt="" width="696" height="313" srcset="/wp-content/uploads/2020/11/silver-1024×461.jpg 1024w, /wp-content/uploads/2020/11/silver-300×135.jpg 300w, /wp-content/uploads/2020/11/silver-768×346.jpg 768w, /wp-content/uploads/2020/11/silver-696×313.jpg 696w, /wp-content/uploads/2020/11/silver-1068×481.jpg 1068w, /wp-content/uploads/2020/11/silver-933×420.jpg 933w, /wp-content/uploads/2020/11/silver.jpg 1366w" sizes="(max-width: 696px) 100vw, 696px" /></a></p>
<p><a href="https://analysis.hotforex.com/wp-content/uploads/2020/11/2020-11-30_15-33-24.png"><img loading="lazy" class="alignnone size-large wp-image-192112" src="https://analysis.hotforex.com/wp-content/uploads/2020/11/2020-11-30_15-33-24-1024×423.png" alt="" width="696" height="288" srcset="/wp-content/uploads/2020/11/2020-11-30_15-33-24-1024×423.png 1024w, /wp-content/uploads/2020/11/2020-11-30_15-33-24-300×124.png 300w, /wp-content/uploads/2020/11/2020-11-30_15-33-24-768×317.png 768w, /wp-content/uploads/2020/11/2020-11-30_15-33-24-696×288.png 696w, /wp-content/uploads/2020/11/2020-11-30_15-33-24-1068×441.png 1068w, /wp-content/uploads/2020/11/2020-11-30_15-33-24-1017×420.png 1017w, /wp-content/uploads/2020/11/2020-11-30_15-33-24.png 1392w" sizes="(max-width: 696px) 100vw, 696px" /></a></p>
<p>The metals average weakened on vaccine optimism, but industry-related metals were fairly stable. United States President Donald Trump announced that vaccine distribution in the US could begin this week, and Russia’s VECTOR revealed that mass inoculation could begin early in 2021, fueling optimism among investors.</p>
<p>For more details on our range of Metals see our product page and video below.</p>
<p><a href="https://www.hotforex.com/sv/en/trading-products/trading-details-metals.html">https://www.hotforex.com/sv/en/trading-products/trading-details-metals.html</a></p>
<p><strong>Click </strong><a href="https://www.hotforex.com/en/trading-tools/economic-calendar.html"><strong>here</strong></a><strong> to access the Economic Calendar</strong></p>
<p><strong>Ady Phangestu </strong></p>
<p><strong>Market Analyst – HF Indonesia </strong></p>
<p><strong>Disclaimer: </strong>This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.</p>
<p>&nbsp;</p>