Silver prices doing ‘weird stuff’ and paper market set to fold in on itself predicts Silver Wheaton CEO

Posted on 13 November 2014 with no comments from readers

There’s been some ‘weird stuff’ going on in the paper market for silver this CNBC interview reminds us today as prices hover near four-year lows.

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Silver Wheaton president and CEO Randy Smallwood predicts that the silver paper market will be ‘folding in on itself’ sending prices much higher.

His company is set to benefit with an average silver production cost of $4.50 so he is already making a 70 per cent profit margin on every ounce sold…

Video link click here!