While the precious metals have upside potential, the sky is not the limit while the downside is “wide open,” said Carley Garner, co-founder of DeCarley Trading.
“Silver and gold I would put hand in hand. I think they’re going to continue to be relatively correlated, so with silver, I believe that probably we have a little upside in the next month or so but it’s similar to gold, I believe the upside is capped,” Garner told Kitco News.
Kitco NEWSThe Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.
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.