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Diminishing supply and boosting need will drive silver costs higher, claimed Randy Smallwood, president and Chief Executive Officer of Wheaton Valuable Metals.
Smallwood, who talked to Kitco on Tuesday, stated the strong gold cost is one more favorable for silver.
" Silver constantly lags gold as well as gold has actually most definitely taken a run," said Smallwood.
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Conditions are right for silver - Wheaton
Shrinking supply and increasing demand will drive silver prices higher, said Randy Smallwood, president and CEO of Wheaton Precious Metals.
Smallwood, who talked to Kitco on Tuesday, said the strong gold price is another positive for silver.
“Silver always lags gold and gold has definitely taken a run,” said Smallwood.
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