Analysis: Silver Prices Forecast to Remain Between $50 and $100 – Bloomberg’s McGlone – KITCO

According to analyst Mike McGlone of Bloomberg Intelligence, silver prices are expected to trade between $50 and $100 for several years. The precious metal’s price performance has stagnated, failing to keep pace with gold. Factors such as reduced industrial demand and the strength of the dollar are believed to be behind the sluggish performance. n nWhile several investors might see this as a disheartening pattern, McGlone highlights that it creates an opportunity for traders looking for long-term investment options. Silver, despite the price stagnation, remains a safe haven asset for many. n nMoving forward, the influence of shifting macroeconomic policies and the resulting currency fluctuations are likely to play a key role in determining whether silver can break the current price range or continue in the same trajectory. Read More