In a recent interview with CNBC-TV18, Barratt noted that while gold is holding steady at $2,500 per ounce, silver is still well below its record highs.
This presents a potential opportunity for investors.
“Gold still looks well bid, maintaining its levels due to safe-haven buying driven by concerns in Russia, Ukraine, and the Middle East,” Barratt explained.
He pointed out that gold could rise further, with an eye on $2,550 per ounce as a possible next target.
However, Barratt shifted focus to silver, stating it has yet to catch up to gold’s recent performance.
He emphasised that silver, currently trading around $25 per ounce, is far from its record high of $50 per ounce in 2011.
“If you’re nervous about buying gold at these levels, silver looks technically strong and may offer more upside,” he said.
Barratt’s comments highlight a potential shift in strategy for investors wary of gold’s current highs.
With silver still lagging, it might offer a better entry point for those looking to capitalise on precious metals.
Silver’s price performance could provide significant gains, especially as geopolitical factors and a weakening US dollar continue to support precious metals as a whole.
While Barratt remains optimistic about gold, his bullish stance on silver suggests that investors looking for more growth potential might consider silver as a compelling alternative.