Polymetal CEO Vitaly Nesis thinks that silver has more prospects than gold.
According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold.
“Silver is a classical industrial metal with the understandable end demand. And in the past several years this demand has been demonstrating a vibrant growth mostly because silver is widely used in alternative energy. In particular, in solar energy. At the same time, for the second consecutive year silver manufacture has been falling. And these two factors (the increase in demand and the drop of output) will lead to the growth of prices in mid-term”, he said. (Ukrainian metal)
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