Peter Hug: every gold, silver pullback a buying opportunity

Peter Hug, global trading director of Kitco Metals, remains constructive on gold and silver long-term, and should the economy improve next year, silver could trade in the $40 range.

“On my macro perspective that gold is going to do extremely well in 2021, I think silver at $24 will look cheap when you look back at it. Is it possible that we’ll see silver drop to $20, $22, in that range on a pullback? Absolutely, in that context I would buy silver, on the caveat that I’m bullish gold and I think gold will perform with gold and the if the economy starts to grow, silver will outperform gold and surprise to the upside,” Hug said.
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