Page 21 - Bullion World Volume 4 Issue 7 January 2024

Bullion World | Volume 4 | Issue 7 | July 2024

Ms Nicky Shiels – What do you think of Silver in
general and the industrial demand in the coming
times with solar peaking?

Mr Nikos Kavalis – The demand for silver continues to
remain very strong hence we are bullish on silver, there
is stock in the market as of now but the bearish scenario
is limited. For the next few years we see a traditional bull
market for silver.

Ms Rhona O’Connell – Absolutely, the demand factors
and the long-term outlook for silver is very promising for
the future. One advice for the investors would be not to
finesse it in terms of entry, can be bought and held for
the future.

Mr Nicholas Frappell – Well yes, it sounds very
intriguing and I agree with the other panellists, but there
is no sign of a deficit in the forward markets, in the
coming time if we see a tightening in the forward market
Mr Nikos Kavalis
it can be a clear indication of a deficit in the market.

Ms Nicky Shiels – Can the US election which are Ms Nicky Shiels - As we all know almost all the
scheduled for November be a reason for retail analysts got their analysis on gold and especially
investors from the west to look at gold as a lucrative the USD wrong, what are your views on the above?
option for investment?
Mr Bart Melek – Yes, most of the analysts got it wrong
Ms Rhona O’Connell – More than half of world’s but there can be slight cool-down in the US economy
population is entering into the elections this year, well we in the times to come. But forecasting the future can be
cannot segregate to one location but yes there can be a difficult job, just a few months earlier the fed wanted
increased participation especially in gold. to cut at least 6 times in this year alone but that outlook
has changed and moved to 1 rate cut in these months.
Mr Nikos Kavalis – When it comes to the western The growth in china can be a disappointment and it
investment there must be some kind of context involved. would not be as expected.
There will be weakness or drought before a once in a
lifetime buying, there are profits going through the roof
and booking these profits can be healthy. Overall, there
is a positive sentiment all across the globe for the retail
investors.

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