Is silver heading to $35 per ounce?

Angelos Damaskos, CEO at Sector Investment Managers, says silver is heading to $30/oz or even $35/oz, thanks not only to safe haven demand as the cousin of gold, but also on the back of higher physical demand.

He recently increased the weighting of silver exposure in his Junior Gold Fund to about 40% on the expectation that it will outperform gold in the next phase. Damaskos says gold is likely to test $2000/oz level in the near term as it rebounds from recently oversold conditions.

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