The Gold And Silver Bull Market Is Here | The Crypto Market Is On Fire

Gold isn’t the only hot metal this year. Silver has rallied 15% just this week, adding to a nearly 30% gain for the year. The commodity on Thursday morning hit its highest level since September 2013. In a note Thursday, Citi credited improving inflation measures as one reason behind the move.

Bill Baruch, president of Blue Line Capital, expects more gains.

“I love the precious metals and have always said that you need a portion of your portfolio at minimum in precious metals, so silver has some room to run here,” Baruch said on CNBC’s “Trading Nation” on Thursday.

Baruch says the charts suggest $26 per ounce could be the next hurdle, a level of resistance stretching to 2011 that could now become support. If it moves past that, he says ”$30 could be in the cards, too.”

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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