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‘I could see silver getting as low as the high $30s… gold getting as low as $3,000’ – StoneX Group’s Pavilonis
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(Kitco News) – Now that gold and silver have broken near-term critical support, the precious metals may be in for a longer and deeper correction lasting into 2027 before the tide turns, according to Daniel Pavilonis, senior commodities broker at StoneX Group.Pavilonis told Kitco News that he thinks gold will need some indication of easing monetary policy to resume the upward trajectory of the last couple of years.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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