Is $40 silver price possible in 2021? Peter Hug answers

(Kitco News) – Once industrial demand picks up, more tailwinds for silver will push the metal closer to the $35 to $40 an ounce range next year, said Peter Hug, global trading director of Kitco Metals.

“There’s two elements. One, if we got the inflation scenario and gold took off, silver being an industrial metal, with the economies rebuilding and regenerating, we’ll get an industrial component of demand coming into the silver market and push silver from a ratio perspective higher than gold where the ratio is currently,” Hug said.

Products You May Like

Articles You May Like

Target is set to report earnings before the bell — here’s what to expect
Comics A-Z: Fairytales, Folktales, and Myths from Karma to Onmyoji
Allegheny County Jail Deeply Restricts Access to Literature for Incarcerated Individuals
GM went public 10 years ago, and it’s been a mediocre investment — here’s how it can improve for the next 10
Treasury moves to end several crisis-era programs, drawing pushback from the Fed

Leave a Reply

Your email address will not be published. Required fields are marked *