Silver and gold rates have been trading rangebound, however the price patterns recommend that the steels are presently combining as well as are ready to see the next step, claimed Peter Hug, worldwide trading director of Kitco Metals.
" The truth that people are not marketing right into a market that isn't as mad as it was a month or six weeks ago suggests to me that this market is establishing for the next leg higher once we survive this loan consolidation phase," Hug told Kitco News on Wednesday.
Kitco Information is the world's # 1 resource of steels market information. Our videos include meetings with popular industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Register for our network to stay up to day on the current insights relocating the steels markets.
For more breaking news, check out
Follow us on social networks:
Real-time gold rate as well as graphes:.
Live silver cost as well as graphes:.
Don't fail to remember to register for Kitco Information' Weekly Summary– comes out every Friday to recap the most popular stories & videos of the week:.
Join the discussion @ The Kitco Forums as well as be part of the premier on-line community for rare-earth elements capitalists:.
Disclaimer: Video clips are not trading recommendations and the sights shared might not show those of Kitco Metals Inc