Rally in silver prices could be sustained, Fresnillo says.
by Luzi Ann Javier (Bloomberg)
For investors who missed silver’s 46% rally this year, it’s not too late to jump in, according to the firm behind the world’s best-performing exchange-traded fund.
The main reason for investors piling back in to precious metals this year — low interest rates — isn’t going away anytime soon, said Andrew Chanin, chief executive officer of PureFunds, whose junior silver miner ETF has delivered holders a 280% return this year.
Silver is rallying the most among major commodities this year as about $9 trillion of debt tracked by the Bloomberg Global Developed Sovereign Bond Index offer yields below zero, meaning those who buy the debt and hold to maturity stand to lose money.