While gold and silver prices are currently experiencing significant volatility after rallying to record highs, AuAg Funds, a Swedish portfolio manager, has predicted that gold is set to reach $6,000 while silver will rise to $133 per ounce in the course of this year.
The analysts point out that gold and silver mining stocks remain undervalued even as the prices of the commodities rally. This creates massive opportunities for investors to get in and position themselves to benefit as market valuations start rising as the current high prices of silver and gold begin getting priced into company shares. Entities like New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) could…
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