“”We don’t see real interest rates positive this year … We still think globally that monetary supply will continue to grow — maybe not to the same rate as it did but certainly it’s going to grow and these things are positive for gold,” he forecast.
Silver ETFs were up about 17% year to date heading into Wednesday’s trading, while the gold funds have gained 5%.
iShares Silver Trust
Full disclosure: Tom Lydon’s clients own GLD and SLV.