Brace For "Slingshot" Rally; Best Days For Silver Are Yet To Come - CEO
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(Kitco News) - Silver’s rally has yet to come, but the white metal is sitting on solid fundamentals right now said Bradford Cooke, CEO of Endeavour Silver.
“I think we already have lifted off the bottom on both of the precious metals. Silver is normally leveraged to gold and we haven’t seen that slingshot move yet. I think we will later this year,” Cooke told Kitco News on the sidelines of the Prospectors & Developers Association of Canada convention in Toronto.
Silver continues to face falling supply, and although demand remained flat, Cooke remains optimistic on investor demand going forward.
“I think that the bounce in [silver prices] in January February does reflect the rising investment demand, so it is just starting to happen, and the investors are still very, very small on silver,” he said.