Silver Prices Are Set to Rally Again. Here’s When You Should Buy.

Silver prices look set to stage a double-digit percentage rally in the fall. However, experts say investors should wait for a likely dip in prices over the next few weeks before snapping up a stash of the metal.

“Our view is that silver is vulnerable to a wave of selling in August and into September,” Jeff Christian, managing partner of New York–based commodities consulting firm CPM Group tells Barron’s. “If you see $24 an ounce prices, then buy it because the probability is that we’ll see $28 soon. And ultimately, it will move higher over the next several months.”

If the rally takes place as forecast, anyone buying silver at $24 a troy ounce could see gains of at least 16%. Recently, silver fetched about $25, according to London Bullion Market Association data.