Gareth Soloway, the chief market strategist at VerifiedInvesting.com, recently provided his market insights regarding precious metals and cryptocurrencies during an interview with the Investing News Network. He projected that gold could potentially reach a price target of USD 2,660 per ounce within the forthcoming months, possibly by late this year or early next year. Historically, Soloway noted that gold has the potential to ascend to USD 6,000 during the current market cycle, although he expressed caution that such a rise would likely coincide with significant macroeconomic challenges.

Turning to silver, Soloway adopted a more cautious stance, particularly in the short term, due to the metal’s industrial applications. He anticipated that silver prices might decline to as low as USD 24 per ounce, presenting a possible opportunity for investors to capitalize on.

In terms of cryptocurrencies, Soloway warned that Bitcoin could experience substantial declines contingent upon the performance of the stock market. He indicated that a correction of 20 to 25 percent could result in Bitcoin’s price falling to USD 30,000.

Investors are encouraged to stay informed on these developments by following the Investing News Network for timely updates and insights from industry experts.

It is essential to note that the opinions expressed in such interviews do not reflect the views of the Investing News Network, nor do they constitute investment advice. Readers are strongly advised to conduct thorough due diligence before making investment decisions.

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