The silver price has room to move higher through the rest of the year but the precious metal is also due for a bit of a correction after prices pushed to their highest level since 2013, according to one market analyst.Bart Melek, head of commodity strategy at TD Securities said that there are strong fundamental factors behind silver’s massive rally; however, he added that a correction at this point would be healthy.
Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.