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Why is the price of silver going up?

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Silver investors as well as traders have actually been getting the white steel with a frenzy, with cost development surpassing that of gold, and the gold-silver proportion narrowing as a result.

A huge driving force behind current energy is the renewal of generalist financier passion in the field, stated Gary Wagner, editor of TheGoldForecast.com.

" The reason I think that might have taken place is one, there's talk of shortage, but two, the millennials, individuals that have actually placed money right into the U.S. equity markets that are in their thirties and forties, realize they require a safe house asset in situation there is a bubble," Wagner said.
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Why is the price of silver going up?

Silver investors and traders have been buying the white metal with a frenzy, with price growth outpacing that of gold, and the gold-silver ratio narrowing as a result.

A large driving force behind recent momentum is the resurgence of generalist investor interest in the sector, said Gary Wagner, editor of TheGoldForecast.com.

“The reason I believe that might have happened is one, there’s talk of scarcity, but two, the millennials, people that have put money into the U.S. equity markets that are in their thirties and forties, realize they need a safe haven asset in case there is a bubble,” Wagner said.
__________________________________________________________________
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.