Silver Is Significantly Undervalued – A Terrific Buy

Kitco News turned to Todd “Bubba” Horwitz for a technical trader’s opinion on buying gold and silver right now (scroll down for full interview).

SchiffGold avoids technical analysis of the metals markets, because stock and options traders are generally at odds with our long-term strategy of physical precious metals bullion. However, most technical traders also buy into the economic narrative promoted by the Federal Reserve. Horwitz does not. He appears to agree fully with Peter Schiff that the Fed won’t raise rates anytime soon:

I have never expected a rate hike for 2015. I think we’ll be lucky now if we see one in 2016. I am expecting a QE4, though, because I believe the Fed has lost their way. I believe they have no clue of what to do. I think the best news for them was China and Greece news that allowed them to continue to push the can down the road and ignore the real problem. They need to raise rates, but I don’t think they’re going to do so.”

While Horwitz believes that the United States dollars currently remains a safe haven asset for investors worried about both the domestic and global economies, he also thinks now is a terrific buying opportunity for precious metals – especially silver.

He points out the white metal has “a manufacturing quality as well as a precious metals status,” referring to the fact that more than half of silver’s demand comes from the industrial sector. We remind our readers of this regularly, and dive into the topic at length in our free report – The Powerful Case for Silver.

Video Length: 00:03:53

Highlights from the interview: