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Chen Lin of Lin Asset Management shares his outlook for silver, explaining that the white metal could move quickly to the US$50 per ounce level once market participants realize how large the divide between supply and demand really is.
“My point is that once investors see the huge deficit, they truly see the huge deficit in silver, silver will go to US$50 just like that — just in a heartbeat,” he said. “So I hope while you’re enjoying the summer you don’t miss one of the greatest runs of silver.”
This interview was filmed on June 20, 2024.
#Investing #Silver #Gold
0:00 – Intro
1:14 – Huge silver demand from solar
6:05 – Is silver’s industrial side taking over?
8:07 – Why Chinese investors want silver
12:40 – How quickly can silver hit US$50?
17:44 – Silver futures, stocks and ETFs
22:40 – Gold price and gold miners
27:38 – China’s pause in gold buying
32:48 – Summer outlook for silver, gold
34:55 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
