(Kitco News) – Silver is increasingly becoming an industrial metal, said Peter Krauth, editor of Silver Stock Investor — noting industry now consumes 60 percent compared to 50 percent a few years ago.
In mid-January Krauth spoke to Kitco Mining at the Vancouver Resource Investment Conference 2024.
In Krauth’s view, industrial demand forms a price floor for silver, “and it’s actually when investment demand comes back in a big way, that’s the wild card that starts to really push silver prices higher.”
As to what extent interest rate cuts will influence silver prices, Krauth said if gold pushes higher, silver will likely follow. “It usually does with a lag… but it will catch up to gold and then it will absolutely outpace gold. It has done that multiple times historically. I expect that will happen again this time around,” he said.
Krauth said the silver market is ripe…
