'PreciousMetals, and especially silver, [have] near-perfect conditions for the ongoing bull market,' Citi analysts said last week.
, head of metals strategy and macro for MKS Pamp Group. According to Sokolidou, Shiels’ “bullish case” predicts that one ounce of silver could reach the price of $30 or more.
Janie Simpson, managing director at ABC Bullion, also shared this optimistic outlook for $30 silver. “Silver has historically delivered gains of close to 20% per annum in years inflation is high.
Do you think silver will continue its upward trajectory and reach $30 per ounce this year, or will it face significant resistance and fall short of expectations? Share your thoughts in the comments below.Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications.
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