The Real Reason Silver Has Been Underperforming
- Published on Apr 29, 2019
- A strong headline GDP release last Friday may bode well for silver demand, said Will Rhind, CEO of GraniteShares.
Rhind said that one reason silver has not performed well is due to China’s lower than expected demand, but with GDP numbers showing strength in the U.S. economy, this trend may reverse course.
“Part of the reason why silver hadn’t really been doing much is that we expected China to ease and that would be positive for the silver market in terms of stimulating demand, but of course that has slightly changed a little bit with China [focusing] more on reforms rather than outright easing,” Rhind told Kitco News.
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit www.kitco.com/
Follow us on social media:
Facebook - KitcoNews/?ref=br_rs
Twitter - kitconewsnow
StockTwits - stocktwits.com/kitconews
Live gold price and charts: www.kitco.com/gold-price-today-usa/
Live silver price and charts: www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup - comes out every Friday to recap the hottest stories & videos of the week: connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.