Once $30 silver price barrier breaks, $50 is next; What's the catalyst? Jim McDonald
(Kitco News) - "The stage is set" for silver to break out, it's just a matter of timing, said Jim McDonald, CEO of Kootenay Silver.
McDonald told David Lin, anchor for Kitco News, that "silver is going to break through that $30 barrier, and it's going to break a lot higher than $50."
He added that the gold/silver ratio, which is currently at 77, could come as low as 30, implying a major upside outperformance by silver relative to gold.
For the catalysts of higher a silver price, as well as the future of the exploration sector, watch the video above. Follow David Lin on Twitter: @davidlin_TV.