Is silver the new gold?
As gold prices hit record highs, many are looking to silver as an alternative financial asset. Adriatic Metals CEO, Paul Cronin, discusses the demand outlook for the metal with IGTV's Angeline Ong.
Adriatic Metals is a precious and base metals explorer and developer with licences in Bosnia & Herzegovina and Serbia.
(AI Video Summary)
Spotlight on the silver market's prospects
In this exclusive IGTV interview hosted by Angeline Ong, the discussion crentres around the surging interest in silver and its future market prospects, featuring insights from Paul Cronin, CEO of Adriatic Metals. Adriatic Metals specialises in silver and zinc mining, operating a newly constructed mine in Bosnia. Cronin highlights silver's growing demand, driven by its industrial uses in photovoltaics, semiconductors, and electric vehicle charging, amidst a pronounced deficit in silver supply. The past years have seen a shift from surplus to a significant deficit, with over 500 million ounces drained from stock, underscoring a potential rise in silver prices.
The future of silver?
Cronin anticipates a reconsideration of the gold-silver ratio, predicting substantial growth in silver value. The discussion also covers the environmental impact of mining and routes for investors seeking exposure to silver, identifying mining stocks as a leverage opportunity.
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