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Tuesday
Jul262016

Mining CEO: Silver in a Sweet Spot - Peter Schiff

Peter Schiff

Between Jan. 1 and July 11, the price of silver increased 44.7%. But can the white metal maintain its bull run?


A prominent mining CEO thinks it can – and will.

Mining, Inc. CEO Mitchell Krebs told Kitco News that he expects the precious metals sector to attract even more investor interest through the second half of this year. Krebs, who also serves as president of the Silver Institute, went on to say he thinks silver sits in a unique position to outperform as it benefits both as a monetary metal and an investment metal:

You look back a decade ago and around 5 million ounces of silver was used in solar panels. This last year, I think it was 75 million ounces. Every new gigawatt of photovoltaic capacity that is installed consumes almost 3 million ounces of silver.”

read more......

Hes got a point about the solar panels, they will be one of the driving forces behind silver's rise.

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