Kitco News: Why is the price of silver going up?

Submitted by Konrad Urbanowicz on Thursday, July 23, 2020 - 16:27.

Silver investors and traders have been buying the white metal with a frenzy, with price growth outpacing that of gold, and the gold-silver ratio narrowing as a result.

A large driving force behind recent momentum is the resurgence of generalist investor interest in the sector, said Gary Wagner, editor of TheGoldForecast.com.

“The reason I believe that might have happened is one, there’s talk of scarcity, but two, the millennials, people that have put money into the U.S. equity markets that are in their thirties and forties, realize they need a safe haven asset in case there is a bubble,” Wagner said.

Wagner Financial Group has been working with Kitco Media for 12 years.

Gary Wagner writes a daily article for Kitco Media called "After Hours - Hawaii 6.0".

He is also a primary contributor to the NEW Educational Portal for Kitco News

Please enjoy this video interview which was recorded with David Lin on Wednesday July 22, 2020