More than 147.23 million people have been reported to be infected by the novel coronavirus globally and 3,249,168? have died, according to a Reuters tally.
Silver is used in the manufacturing of goods from solar panels to consumer electronics, and is also bought by investors who traditionally see it as a safe store of wealth.
All demand segments except for exchange traded funds (ETFs), which store silver for investors, will use more this year, and even ETFs will buy far more than was typical before the pandemic, the report said.
A gauge of stock prices across the world fell on Tuesday and oil prices also slipped as concern lingered over rising global COVID-19 cases and their effect on the global economic rebound.
A rise above $1,758.45 could confirm a double-bottom, which will suggest a target of $1,851. A break below $1,719 may cause a fall into the range of $1,677-$1,697.