Silver Is Back: Prices May See Bullish Trend Soon
(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.
â€śI 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 weâ€™re starting to see some retail demand coming into the silver market,â€ť Hug told Kitco News.
At the time of this interview, gold prices fell $10 while silver rose by around 35 cents.
Hug noted that silverâ€™s moves have historically moved more than gold when prices rally, and the same can be said in a bear market.
â€śSilver always tends to, on a percentage basis, outperform gold whether itâ€™s moving higher or lower depending on the market trend,â€ť he said.