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More Pain To Come For Metals Before Recovery - CEO
Precious metals could see more downside before a bounce to a recovery, says Erif Fier CEO of SilverCrest Metals.
"I think we can expect to see more pain that needs to come," Fier told Kitco News on the sidelines of the Denver Gold Forum.
On silver, Fier said that a gold-silver ratio of 70 needs to be met before a rally occurs. The ratio has hit highs of 85 recently.
Denver Gold Forum
Now in its 29th year, the Denver Gold Forum (DGF) is the world’s oldest and largest gathering of precious commodity equities. Presented every year since 1989, it now showcases seven-eighths of the world’s publicly traded gold and silver companies when measured by production or reserves.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
