Is the price of silver at $40 possible in 2021? Pierre Hug responds


(Kitco News) – Once industrial demand picks up, more tailwinds for silver will push the metal closer to the $35-40 per ounce range next year, said Peter Hug, Kitco’s global chief commercial officer. Metals.

“There are two elements. First, if we get the inflation scenario and gold takes off, silver being an industrial metal, with economies rebuilding and regenerating, we will have an industrial component of demand in the silver market and will push silver to a higher vantage point than gold where the ratio is right now,” Hug said.

Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.

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