Renewable Energy Drive Could Boost Silver Prices

June 8, 2021 12:50:01

While other metals have surged in price, silver has lagged in comparison. However, Permanent Portfolio Family of Funds portfolio manager and president Michael Cuggino speculates that the metal’s price may go higher in the near future given that last year, silver futures rose by more than 45%.

Cuggino adds that a possible drop in the U.S. dollar, a lack of capacity investment over the past few years and perceived or real inflation as the international economy rebounds, may also contribute to the metal’s price moves.

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