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anglo pacific group plc

Silver bounces back

Silver markets continue to be very noisy, as we initially fell during the trading session on Monday, but then turned around to reach towards the $16.50 level. This is a market that remains bullish for quite a few different reasons, not the least of which will be central bank meddling.

Silver markets initially fell during the trading session on Monday, but then turned around to reach towards the $16.50 level. That’s an area that of course attracts a lot of attention, as it is a large, round, psychologically important figure. Ultimately, this is a market that should continue to be very supported, and I do think that it’s only a matter of time before we see a lot of bullish pressure, as we see a lot of central bank intervention to loosen monetary policy, which of course drives up demand for precious metals in general. I believe at this point, both silver and gold will continue to find plenty of buyers.

Anglo Pacific Group plc (LON:APF) has a 2.5% life of mine NSR royalty on the El Valle-Boinàs/Carlés gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.