CEO Says Silver Will "Slingshot" Higher Later This Year

Silver’s rally has yet to come, but the white metal is sitting on solid fundamentals right now said Bradford Cooke, CEO of Endeavour Silver.
“I think we already have lifted off the bottom on both of the precious metals. Silver is normally leveraged to gold and we haven’t seen that slingshot move yet. I think we will later this year,” Cooke told Kitco News on the sidelines of the Prospectors & Developers Association of Canada convention in Toronto.
Silver continues to face falling supply, and although demand remained flat, Cooke remains optimistic on investor demand going forward.
“I think that the bounce in [silver prices] in January February does reflect the rising investment demand, so it is just starting to happen, and the investors are still very, very small on silver,” he said. (show less)

Silver’s rally has yet to come, but the white metal is sitting on solid fundamentals right now said Bradford Cooke, CEO of Endeavour Silver.
“I think we already have lifted off the bottom on both of the precious metals. Silver is normally leveraged to gold and we haven’t seen that slingshot move yet. I think we will later this year,” Cooke told Kitco News on the sidelines of the Prospectors & Developers Association of Canada convention in ... (read more)

PDAC 2019

PDAC 2019
PDAC: The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, companies and organizations in, or connected with, mineral exploration. In addition to meeting over 1,000 exhibitors, 3,500 investors and 25,600 attendees from 135 countries, you can also attend technical sessions, short courses and networking events. The four-day annual convention held in Toronto, Canada, has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.

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.