The expert pointed to the continuation of the correction phase in the precious metals market

The correction movement continues in the precious metals market. Alexander Schneiderman, head of Alfa-Forex's Customer Support and Sales department, told Izvestia on February 17.

"The corrective movement continues in the global precious metals market. The latest US macro statistics show positive expectations for the economy, which significantly reduces the likelihood of a reduction in the Fed's discount rate before the June meeting," he said.

According to him, against this background, gold continues to form trade boundaries in February in the range of $4.6–5.4 thousand per troy ounce, while silver's positions look weaker, it is likely that the price will remain within $ 65-93 per ounce.

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On February 10, Spartak Sobolev, Head of the Alfa-Forex Investment Strategy Research Department, told Izvestia about the continued corrective dynamics in the precious metals market. The expert also clarified that gold and silver remained significantly below their January price peaks.

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