Silver Investors Might Be In For Surprise, Says Peter Hug
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(Kitco News) - Silver investors may be in for a good surprise to the upside should macroeconomic factors improve, said Peter Hug, global trading director for Kitco Metals.
I’m also very constructive silver. At an 85 to one ratio, if global growth starts to accelerate, especially from China, I think silver at an 85 to one ratio to gold is absolutely dirt cheap,” Hug told Kitco News.
Hug noted that he remains constructive on the platinum group metals due to strong supply-demand fundamentals.
“I continue, again, to be price positive on palladium and rhodium. I’d like to see palladium close over $1,400 for the next step higher, and I’d like to see rhodium close over $3,000 for the next step higher,” he said.