Apr 15, 2019 Guest(s): Randy Smallwood
Silver simply has better fundamentals than gold, but will take a while before prices catch up to its yellow metal counterpart, this according to Randy Smallwood, CEO of Wheaton Precious Metals. "I think there are better fundamentals behind silver than gold just because of the increase of industrial demand, the high efficiency electronics that we all demand in terms of mobility and such. Silver's going to play a role in this, playing a more increasing role all the time," Smallwood told Kitco News on the sidelines of the Prospectors & Developers Association of Canada convention in Toronto.Smallwood added that peak silver was reached a long time ago, but despite rising demand and falling supply contributing to good fundamentals, silver's prices usually lag gold.His comments come as the gold-silver ratio hovers around a multi-decade high of 85, which Smallwood said would not stay for very long.