Click here to get this article in PDF
Peter Hug, global trading supervisor of Kitco Metals, continues to be useful on gold and silver lasting, and also ought to the economic climate boost following year, silver might sell the $40 array.
" On my macro viewpoint that gold is mosting likely to do very well in 2021, I believe silver at $24 will look affordable when you recall at it. Is it feasible that we'll see silver decrease to $20, $22, because array on a pullback? Definitely, because context I would get silver, on the caution that I'm favorable gold and also I believe gold will certainly do with gold and also the if the economic climate starts to expand, silver will certainly outperform gold and surprise to the advantage," Hug said.
__________________________________________________________________
Kitco Information is the world's # 1 source of metals market information. Our videos feature meetings with prominent sector numbers to bring you market-affecting understandings, with the objective of helping people make informed investment decisions.
Register for our channel to stay up to day on the current insights relocating the metals markets.
For even more breaking news, visit
Follow us on social media sites:
Facebook –
Twitter –
Google+:.
StockTwits -.
Online gold cost as well as graphes:.
Live silver price as well as charts:.
Don't forget to sign up for Kitco News' Weekly Roundup– appears every Friday to recap the most popular tales & video clips of the week:.
Sign up with the conversation @ The Kitco Forums as well as be part of the premier on the internet area for rare-earth elements investors:.
Please note: Video clips are not trading guidance and the sights expressed might not reflect those of Kitco Metals Inc
.
Peter Hug: every gold, silver pullback a buying opportunity
Peter Hug, global trading director of Kitco Metals, remains constructive on gold and silver long-term, and should the economy improve next year, silver could trade in the $40 range.
“On my macro perspective that gold is going to do extremely well in 2021, I think silver at $24 will look cheap when you look back at it. Is it possible that we’ll see silver drop to $20, $22, in that range on a pullback? Absolutely, in that context I would buy silver, on the caveat that I’m bullish gold and I think gold will perform with gold and the if the economy starts to grow, silver will outperform gold and surprise to the upside,” Hug said.
__________________________________________________________________
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/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits - https://stocktwits.com/kitconews
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/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
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.
