Market News: Rising Investment Demand for Silver?

silver bars
Written by Mike Hammer

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.

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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