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Silver's future is bleak as an economic downturn could eliminate any type of industrial need left for the steel, this according to Peter Hug, international trading director of Kitco Metals.
Monetary plan was not enough to tranquil capitalists, Hug noted, as markets reacted negatively to the last Federal Reserve rate reduced made last Sunday.
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Silver price beaten down but investors can’t find any, so what’s going on? Peter Hug responds
Silver’s future is bleak as a recession could wipe out any industrial demand left for the metal, this according to Peter Hug, global trading director of Kitco Metals.
Monetary policy was not enough to calm investors, Hug noted, as markets reacted negatively to the last Federal Reserve rate cut made last Sunday.
__________________________________________________________________
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.
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