Bitcoin Prices Continue to Decline, Attributed to Gold and Silver.
Written by Emily J. Thompson, Senior Investment Analyst
Source: Barron's
- Market Performance: Bitcoin and other cryptocurrencies remained stable on Christmas Eve, indicating they are unlikely to experience a typical Santa Claus rally seen in stock markets.
- Skepticism Towards Cryptocurrencies: A crypto skeptic suggests that the performance of silver and gold may be influencing the lack of movement in the cryptocurrency market.
Analyst Views on SLV
Wall Street analysts forecast SLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 87.130
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Current: 87.130
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
