Gold and silver unlikely to repeat “explosive rally” but should still climb steadily after recent price reset – ING’s Manthey

From kitco.com

Despite one of the sharpest corrections seen in precious metals in over a decade, the dramatic late-week gold and silver selloff represented a reset rather than a reversal, according to Ewa Manthey, Commodities Strategist at ING. In the bank’s monthly update, Manthey noted that gold and silver have already recovered a substantial portion of their recent losses amid a weakening dollar and a stabilizing market. “While near-term volatility is likely to persist, we view the recent move primarily as a positioning-driven reset rather than a fundamental turning point,” she said. Manthey said that the selloff in ... (full story)