Video News/Kitco Mining

Silver prices will move higher, said Randy Smallwood, the CEO of Wheaton Precious Metals. On Wednesday Smallwood spoke to Kitco Mining. "I did spend the last three years as the chair of the World Gold Council," said Smallwood. "It didn't change my perspective that silver is my favorite metal." Smallwood noted the metals versatility. It is a precious metal, but it is also a critical mineral used for solar panels and electronics. "I do think we'll see a rapid move in a higher price of silver," said Smallwood. "It always outperforms."