(Kitco News) - Silver recycling will go up as the metal's price rises said Michael DiRienzo, president and CEO of The Silver Institute.
This week DiRenzo recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.
DiRenzo discussed the outlook for silver in the context of the current market and the growing industrial demand. He highlighted silver's increasing role as an industrial metal, especially in photovoltaics and electronics.
DiRenzo believes that silver's price will rise due to this growing demand and that it has a lot more room to run. He also points out that silver's price is likely to be boosted by potential Fed rate cuts. While acknowledging that silver recycling rates are currently low, he believes that with higher prices, recycling will become more economically viable and contribute to meeting the growing demand.
____________________________________________________________________
Green Rush is brought to you by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho.
Revival Gold is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under the ticker symbol "RVLGF". The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.
____________________________________________________________________
Subscribe to Green Rush podcast on YouTube Music.
Listen to this podcast on Buzzsprout Apple Podcasts Amazon Music Spotify |
