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Crescat Capital projects silver to soar soon, as supply will fall, all while demand remains the same.
"Silver, having a price below $ 30 an ounce, is the most attractive macroeconomic asset in the world today," Otavio Costa, portfolio manager at Crescat Capital said.
He added that it is quite difficult to sell gold and silver at the moment, since governments and central banks around the world continue to flood financial markets with unprecedented stimulus measures. Costa explained that all this liquidity will ultimately lead to higher inflationary pressures.
"Investors are already starting to see inflation, and that's why I like hard assets so much," Costa said. "Gold looks very cheap, but silver looks even cheaper," he added.
To add to that, according to Costa, as silver continues to rise as a result of changing supply and demand fundamentals, miners and producers will remain attractive for investment. Although miners have not poured much new capital into the research, Costa pointed out that they are increasing their dividends by returning money to investors, leveling their balance sheets.
And with this, silver could storm the markets, and it could last for years.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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