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anglo pacific group plc

Silver futures up 2.46%

Silver prices touched Rs 42,710 per kg on April 23 as participants increased their long positions.

According to Silver Institute’s World Silver Survey 2020 report, rising demand for bar and coin from investors will offset the sharp fall in consumption by jewellers and industry and would push price towards $19 an ounce toward the end of 2020.

It sees silver benefiting from bargain hunting on the back of its historically low relative value compared to gold.

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.