Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

Investing

Gareth Soloway: Gold, Silver, Bitcoin and More — Price Predictions for 2025

by December 6, 2024
December 6, 2024
Gareth Soloway: Gold, Silver, Bitcoin and More — Price Predictions for 2025

Heading into 2025, he said he thinks the yellow metal will be the year’s best-performing asset.

‘I would have to take gold — and again, for me it’s the risk that if we go to US$107,000 on Bitcoin, let’s say, we could pull back to US$75,000 next year … that drawdown is a hefty drawdown of 30 percent or so at that point,’ he said.

Soloway sees potential downside for gold in the near term, with US$2,550 or even US$2,500 per ounce perhaps in the cards toward the end of 2024 or early in the new year. But for him that’s not a concern.

‘This is the kicker, right — gold is just pulling back and working off an overbought scenario,’ he explained during the conversation. ‘And so … what I want everyone to understand is that while short term there may be some weakness in gold, I think it still has a lot of upside to come in the coming year or two years — easily US$3,000.’

Looking at silver, Soloway said it’s trickier to gauge because it has both precious and industrial drivers.

‘What I’m expecting here in the next month or two is for silver to chop and then eventually break down and flush to about US$28 an ounce,’ he said. ‘And then once we get into that level, I think that’s where you start to nibble a little bit more on the silver trade looking for that next big move to the upside.’

As mentioned, he sees Bitcoin potentially rising as high as US$107,000 or US$108,000. That type of move would ‘ignite the bulls to the maximum,’ with a retreat to US$74,000 or US$75,000 possibly following.

Watch the interview above for more from Soloway on gold, silver and Bitcoin, as well as the overall market.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Adrian Day: US$2,500 Gold? Pullback Would be “Healthy,” Reasons to Buy Remain
next post
Tokyo government gives workers 4-day workweek to boost fertility, family time

You may also like

Mart Wolbert: Uranium Bull Thesis Intact, “Half-time Break”...

Maria Smirnova: Gold, Silver Price Drivers Still in...

Kincora Copper Expands Fleet Space Partnership for Exploration...

5 Biggest Pharmaceutical ETFs in 2023

What’s the Difference Between Bitcoin​ Spot and Futures...

Tech 5: Bitcoin’s Price Sets Five New Records,...

Bold Ventures Issues Shares for Advertising and Investor...

Radiopharm Theranostics Doses First Patient with 18F-RAD101 in...

High-Grade Focus Delivers 2.48MOZ @ 4.79g/T – 47%...

Radisson Announces Upsize of Previously Announced Private Placement...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Trump tariff plan faces uncertain future as court battles intensify

    • The secret war between cat lovers and the abusers who profit from cruelty

    • Musk confident DOGE will save $1 trillion as government cost cutting continues

    • Who will be Elon’s successor? The top names in line for DOGE chief

    • Rampaging raccoons add to Airbus factory headaches

    Categories

    • Business (1,672)
    • Investing (4,987)
    • Politics (7,847)
    • Uncategorized (2)
    • World (6,350)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top