Head of the Base and Precious Metals Strategy at JP Morgan, Greg Shearer:
📌 There is excessive enthusiasm for gold purchases around the world, not just in China.
📌 Silver is exposed to greater volatility due to the market size compared to gold, and we expect gold to reach $6,500 per ounce.
📌 Current silver prices will affect industrial demand in the future, and we believe the ounce will end the year at $85.
📌 We expect some imbalances that will affect copper amidst supply constraints, and prices will continue to rise.
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