Silver and gold are no longer overbought but still under-owned after steep selloff – Saxo Bank’s Hansen | Metals Mine

  • Silver and gold are no longer overbought but still under-owned after steep selloff – Saxo Bank’s Hansen

    From kitco.com

    Gold and silver prices are seeing a long-overdue correction, with silver’s steeper drop highlighting the liquidity gap between the two metals, but both are still under-owned in portfolios, and the structural drivers behind the rally remain intact, according to Ole Hansen, Head of Commodity Strategy at Saxo Bank. “The risk of correction in gold and silver has been steadily rising in recent days, though exceptionally strong pre-Diwali demand helped support prices,” Hansen said on Wednesday. “However, a very technical extended rally combined with renewed ‘risk-on’ tone across stock markets, a firmer dollar ... (full story)

Comment Options
  • Story Stats

  • Related Stories