Bringing you live news and features since 2006 

Silver is following in the path of gold says WisdomTree


First it has been gold hitting record highs and now Nitesh Shah, Director, Research WisdomTree comments that silver is on the same path.
Shah says: “Silver has followed gold’s coattails higher, surpassing forecasts and snapping out of a pessimistic period that had besieged the metal in the first five months of 2019.
“In the current climate we are revising our Q2 2020 silver price forecast higher to USD17.05/oz. However, silver could peak much higher at USD19.90/oz at the end of Q3 2019. So, we view a strong tactical opportunity in silver in the near term.
“Our forecast incorporates silver’s 80 per cent correlation to gold and, outside of this, looks at its role as an industrial metal. Silver faces several headwinds in its manufacturing applications if trade wars hurt demand for goods, which explains why silver could lose some of the short-term gains by the end of the forecast period.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by