Dramatic upward shift in silver price possible during 2nd half economic recovery: BMO’s Top Commodity Analyst Colin Hamilton

Apr 30, 2020

A major bank talking about….”Dramatic shifts in silver price” ????

Given how silver has lagged behind gold recently, I was a bit surprised to see a major bank analyst outline a bullish case for silver……especially involving the increasing influence of 5G and solar on the silver market and how this fit in with his prediction about the potential for silver to outperform gold during the expected economic recovery in 2nd half of 2020.

Colin Hamilton is a respected commodity analyst who undertakes extensive research for the large bank/institutional community. He doesn’t say things unless he can back them up with solid research.

Biography:

Colin Hamilton is a Managing Director and Commodities Analyst for BMO Capital Markets. Based in London, he leads BMO’s market intelligence and price forecasting efforts across base metals, bulk commodities, precious metals and battery raw materials. With a background as a metallurgist, and a strong focus on China and global trade flows, and deep subject knowledge, Colin’s regular publications offer value-added insight on industry developments. Previously he headed up Macquarie’s commodities research team, and before that spent time at CRU in London.

Colin Hamilton: Gold Seen Trending Up, Silver Opportunity Emerging

Link to article:

https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/colin-hamilton-gold-trend-upward-silver-opportunity/?mqsc=E4112773

Excerpt from article on subject of silver:

What about silver?

Even though most attention is always on gold, Hamilton does see an opportunity emerging in silver.

“The silver demand outlook is likely to experience a bit of a shakeup as new technologies come forth,” he said. “We increasingly believe the use of 5G and photovoltaic will position silver as more of an infrastructure commodity.”

As the world starts to recover, keeping an eye on the fiscal stimulus moving forward will be very important, Hamilton added, with China leading the way with 5G and solar.

Despite the fact that silver ETF flows remain sporadic, asset allocation can be more meaningful in the silver market, with potential dramatic shifts in silver price.

In terms of supply, the analyst expects to see a significant drop in output in 2020.

“For us, silver cannot decouple from gold, but we do see it outperforming, certainly during that recovery period in the second half of this year,” Hamilton added.

CCW has been watching the silver market more closely after the recent discovery of exceptionally high-grade silver veins grading up to 70,000 grams/tonne Ag at the Castle property in northern Ontario. This spectacular discovery is also why we are considering building a ramp to reach the veins and also why we are changing the name of the company to Canada Silver Cobalt Works Inc. after shareholder approval on May 7.

For more information, please check out our website at www.canadacobaltworks.com and in particular the Presentation, Investor Fact Sheet, and recent video interviews with CEO Frank Basa.

Best regards,

Wayne