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Shares of Kootenay Silver (KTN.V) leapt 15% on Monday as retail capitalists pressed right into the silver market, as well as likewise into silver miners.
As a company that is used to volatility, Kootenay Silver had no plans to alter their long-term task objectives and objectives in response to the rate rise, said Chief Executive Officer Jim McDonald.
McDonald would certainly await the share price to go also higher to increase resources, as the silver market is still undervalued at these levels, he said.
0:00 – Reaction to #SilverSqueeze
4:19 – Raising resources
6:00 – The silver industry today
7:40 – Trigger for greater silver costs
10:31 – Supply of silver
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How Kootenay Silver responded to 15% stock surge from #SilverSqueeze
Shares of Kootenay Silver (KTN.V) jumped 15% on Monday as retail investors pushed into the silver market, and also into silver miners.
As a company that is used to volatility, Kootenay Silver had no plans to change their long-term project goals and objectives in response to the price surge, said CEO Jim McDonald.
McDonald would wait for the share price to go even higher to raise capital, as the silver market is still undervalued at these levels, he said.
0:00 - Response to #SilverSqueeze
4:19 - Raising capital
6:00 - The silver industry today
7:40 - Trigger for higher silver prices
10:31 - Supply of silver
__________________________________________________________________
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.
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Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
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Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
