Analysts are cautioning that precious metals, particularly silver, may face a significant price correction following recent sharp gains. Capital Economics has projected that silver prices could fall to $42 by the end of the year, citing current levels as unsustainable. UBS highlights weak liquidity as a major risk, suggesting that short-term traders might soon take profits.
Wang Yanqing from CICC notes that while the fundamentals of the market have not changed, speculative trading has driven prices excessively high. This situation is compounded by pressures on altcoins, adding to the instability in the broader market.
Analysts Predict Imminent Correction in Precious Metals Prices
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