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The silver cost has room to move greater with the rest of the year but the rare-earth element is likewise due awhile of a correction after prices pushed to their highest degree since 2013, according to one market expert.
Bart Melek, head of product strategy at TD Securities claimed that there are strong basic factors behind silver's huge rally; however, he added that an adjustment now would be healthy and balanced.
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Investors are not giving up their silver – TD Securities
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.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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