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Silver Positioned for Sustainable Rally to $70 by Q2 2027, WisdomTree Strategist Says

2026-07-23 18:13:56

According to Kitco News, WisdomTree's Head of Commodities and Macroeconomic Research Nitesh Shah said on July 23, 2026 that silver should recover toward $70 an ounce by the second quarter of 2027, supported by stronger gold prices. Shah stated the next advance would be driven by improving fundamentals rather than speculative momentum like the January spike above $120 an ounce. Spot silver last traded at $59.72 an ounce, up nearly 2% on the day, holding above critical support at $50 an ounce. Shah views the recent correction from January's record highs as necessary to build a more sustainable bull market, contrasting with the speculative frenzy of early 2026.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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