Phil Streible, senior market strategist for RJO Futures, said that while gold is looking strong and could reach $1,300 an ounce, it is silver that is looking ‘fantastic.’ He told Kitco News that he would not be surprised for the metal to hit $20 an ounce. “As long as silver shows resilience to the upside, $20 is a real feasible target,” he said.
“We have a lot of people going into these safe-haven assets,” Streible said. But the yellow metal can also turn direction easily, “you definitely need a plan in place,” Streible said.
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