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Investors Should Pay Attention To Silver Momentum – Analysts

Gold is not the only precious metal seeing a strong start in 2019. Optimism in silver is building as prices hold near their highest levels in almost six months.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that continued financial market volatility and a weaker U.S. dollar should continue to support silver prices.

“Silver is poised in 2019 to move above a resistance level that has held the market in check for three years, in our view,” he said. “A primary companion of higher silver prices — a weakening dollar — is likely to join the recovery in gold and industrial-metals prices.”

 

Metal Tiger plc (LON:MTR) is listed on the London Stock Exchange AIM Market with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.

 

 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.