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Longtime precious metals leader believes Chinese stimulus will play major role in price increase of silver.
BTIG strategists suggest temporary pullback could present great buying opportunity for those needing exposure to precious metals.
Gold trades at $2,665 and silver near $32.15, driven by central bank rate cuts and strong US GDP data, boosting safe-haven demand.
Precious metals continue upward movement as one speculator suggests silver has more room to grow than its more expensive sibling.
Gold prices remained steady near $2,660, while silver pulled back, reflecting market shifts amid rising U.S. dollar strength and geopolitical risks.
With economists at odds with whether the Chinese stimulus package can result in dollar inflation, it could be that China’s move is a shot at the U.S. economy