Swissmetal: Next Few Years to Bring Silver Price Rise

- November 12th, 2014

Discussing silver, Knut Anderson, general manager of Swissmetal, said, “I think the prices will go up. I think by the end of this year we’re probably going to see $20 to low $20s. I think by next year maybe high $20s, low $30s.”

At the 2014 Silver Summit, which took place in Spokane, Washington from October 23 to 24, Silver Investing News had the chance to speak with Knut Anderson, general manager of Swissmetal. His company provides asset protection strategies through the ownership of “rare strategic and precious metals in industrial form.”

In the video below, Anderson explains how his company helps investors, also commenting on how silver’s low price has affected Swissmetal’s operations. Encouragingly he notes, “our clients are quite educated, so when the silver price goes down we sell more.” In closing, he offers his outlook for the silver price, stating, “I think the prices will go up. I think by the end of this year we’re probably going to see $20 to low $20s. I think by next year maybe high $20s, low $30s. And I think in the next three to five years we’re going to definitely see [silver] breaking the $50-an-ounce barrier.”

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