Silver builds strong base around $70, upside depends on inflation—Amplify ETFs | Metals Mine

  • Silver builds strong base around $70, upside depends on inflation—Amplify ETFs

    From kitco.com

    Silver prices may be down from January’s record highs above $120 an ounce, but the days below $20 are long gone, according to one fund manager, who sees the precious metal building an elevated base. In an interview with Kitco News, Nate Miller, Vice President of Product Development at Amplify ETFs, said that silver appears to be entering a period of consolidation after its sharp early-year rally, but the broader outlook remains constructive as both industrial demand and macroeconomic forces continue to underpin the market. “It’s obviously maybe a little less exciting when silver’s at $60 or $70 than $120,” ... (full story)

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