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Silver Is Back: Prices May See Bullish Trend Soon

Kitco News

(Kitco News) - Silver has been attractively priced relative to gold, and investors are finally starting to take note of that, said Peter Hug, global trading director of Kitco Metals.

“I think people are starting to catch on to the fact that this market is overall in a bullish trend, which I do believe it is, that silver is extremely undervalued compared to gold, and that now we’re starting to see some retail demand coming into the silver market,” Hug told Kitco News.

At the time of this interview, gold prices fell $10 while silver rose by around 35 cents.

Hug noted that silver’s moves have historically moved more than gold when prices rally, and the same can be said in a bear market.

“Silver always tends to, on a percentage basis, outperform gold whether it’s moving higher or lower depending on the market trend,” he said.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.