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After a damaging supply-chain issue brought on by the COVID-19 pandemic, normalcy is coming back to the gold and silver bullion market, according to Peter Hug, international trading supervisor at Kitco Metals.
In an interview with Kitco News, Hug claimed that costs for gold and silver are beginning to fall back to pre-crisis levels; nonetheless, he added that supply is still a problem as several mints are still generating listed below capacity and also supplying coins on an appropriation basis.
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Normalcy returning to physical gold, silver markets – Peter Hug
After a devastating supply-chain issue caused by the COVID-19 pandemic, normalcy is coming back to the gold and silver bullion market, according to Peter Hug, global trading director at Kitco Metals.
In an interview with Kitco News, Hug said that premiums for gold and silver are starting to fall back to pre-crisis levels; however, he added that supply is still an issue as many mints are still producing below capacity and providing coins on an allocation basis.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
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