Silver's correction has reset the market, clearing the way for a sustainable rally to $70 – WisdomTree's Nitesh Shah
From kitco.com
Silver's brutal correction from January's record highs has disappointed investors, but one precious metals strategist says lower prices are exactly what the market needs to build a more sustainable bull market. In his latest outlook, Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree, said silver should recover toward $70 an ounce by the second quarter of 2027, supported primarily by stronger gold prices. But unlike the speculative frenzy that briefly pushed silver above $120 an ounce earlier this year, the next advance is expected to be driven by improving fundamentals rather than momentum ...
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