HSBC: Gold & Silver Look Strong, But Watch For Pullbacks

Retail buying has slackened slightly in the gold and silver market, a recent HSBC precious metals research piece noted. Even professional trader demand is off slightly. But don’t lose sight of what matters. There could be minor ups and downs in the market but underlying the supply and demand picture is positive economic picture painted with increasingly unorthodox monetary policy, geopolitical risks and uncertainty – all pointing to higher demand with the potential for a supply disruption. Higher prices have scared away buyers to a degree On the retail level, gold and silver demand is waning – or pausing –…