Silver is “dirt cheap” at current levels and retail investors, particularly in Hong Kong, are jumping on the white metal, even more so than they are with gold, said Peter Hug, global trading director of Kitco Metals.
“We’re seeing extreme retail demand for physical silver out of our Hong Kong office and that has not occurred in the last two years. We’re having trouble keeping up with physical bar demand out of our Hong Kong office right now. The mints are basically producing at full capacity,” Hug told Kitco News.