Silver has quite a bit of upside potential left, and once the gold-silver ratio breaks below the 200-day moving average, it could be “game on” for silver prices, this according to Phil Streible, Senior Market Strategist of RJO Futures.
“I think a $20 year-end target on silver or $1,600 on gold is completely not out of the question, especially the way things are going. We do need to resolve some of the trade agreements with U.S. and China because of the fact that a lot of the products that they import are silver-related,” Streible told Kitco News.
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