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Dr. Mark Thornton: Gold, Silver's Next Leg — This "Engine" to Drive Prices?

Dr. Mark Thornton of the Mises Institute also comments on silver from a technical perspective, saying the white metal may be forming a double bottom.

Dr. Mark Thornton, senior fellow at the Mises Institute, shares his outlook for gold and silver, laying out the factors that have been weighing on prices and commenting on what may kick off their next leg higher — in his view, the return of speculators could provide a boost.

"Speculators we found out last year are a main engine to the prices of gold and silver," he said.

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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.