(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.
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