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David Hunter: Metals Are Moving Upward, Gold Will Reach $6,800 and Silver $180
Investor David Hunter, Chief Macro Strategist at Contrarian Macro Advisors, stated that the metals markets are strongly trending upward and still have a lot of room to grow, confirming that the recent sell-off paved the way for a more intense rally.
He explained on his X account that he has raised his gold price target from $5,500 to $6,800, and his silver target from $125 to $180.
He also increased the targets for (ETF) funds representing mining companies, which are:
▪️GDX (for the largest gold mining companies) at $180
▪️GDXJ (for small and emerging gold companies) at $250
▪️SIL (for silver mining companies) at $220
▪️SILJ (for small silver companies) at $90