May 01, 2019 Guest(s): Johann Wiebe Lead Metals Analyst, Thomson Reuters GFMS
Market fundamentals still bear hope for silver prices due to three factors: diminishing silver supply, rise in investment demand, and potential for increased industrial use, this according to Johann Wiebe, lead metals analyst at GFMS Refinitv.
"It seems to be increasingly more difficult to find a new home for silver so in that sense, it is not surprising that suppliers and producers are reducing some of the output saying 'let's just first see that we can get the metal that is around a new home before we continue to increase projects going forward'", Wiebe told Kitco News on the sidelines of the Mines And Money New York conference.