-
Silver's correction has reset the market, clearing the way for a sustainable rally to $70 – WisdomTree's Nitesh Shah
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 ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran. Thank you for your attention to this matter! President DONALD J. TRUMP
Precious metals have rallied in recent days after a sustained period of selling pressure, but analysts say gold and silver prices could face a difficult path back to all-time highs achieved earlier this year. Spot silver traded at $59.47 an ounce in early trading on Wednesday (6:33 a.m. ET), up by around 6.3% from $55.9/oz at the end of last week. Spot gold ...
China, US working on tariff cut plan agreed during summit. China, US maintain close communication on tariff cuts - MofCom.
