Key Points
Peter McGuire predicts silver to outperform gold, driven by underinvestment and industrial demand..
Geopolitical tensions could push crude prices higher, while Bitcoin's volatility continues amidst stable USD index..
The economic outlook for the second quarter remains uncertain..
"I feel as though silver has got more upside than gold over the next matter of months in the sense of a performance and a ratio to gold .". Peter McGuire, CEO, XM Australia, says coming to crude, it had a tremendous run up and also when you are thinking about where WTI is $85 plus, 85 and a quarter, and you have got Brent sitting at $89.10, I feel as though that $90 will be taken pretty quickly and I would not be surprised...
Peter McGuire: I think so and there are a couple of reasons why there has been tremendous underinvestment across that whole silver market and that has been really over the last decade or more, this is the first part..
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