Emkay Wealth Management is maintaining a positive outlook for silver despite recent softness in the precious metal's price. Emkay said the recent softening in silver prices is a short-term correction and expects the metal to recover to $52–53 an ounce in the near term. The firm projects further upside toward $58 and $62 an ounce, supported by strong technical levels at $48 an ounce, and additional support at $45.60 an ounce and $42 an ounce. Advertisement

Sector demand remains robust and the firm remains optimistic about silver’s broader fundamentals. It points to rising industrial demand from sectors such as renewable energy and electronics, along with constrained supply, as factors that continue to support long-term price stability."

Given silver’s high volatility, Emkay recommends a

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