Silver to Climb to $20, Outperform Gold in 2019

Gold is gaining momentum but silver looks to rally even more next year.
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While catalysts are in place for gold to rally in 2019, silver will be the outperforming asset next year, said Todd "Bubba" Horwitz of

"I think silver will be up near $18 to $20 [an ounce] and I think silver is going significantly higher too and I expect it, in the next couple of years, to close the ratio between gold and silver. I expect silver to be stronger than gold when it gets started," Horwitz told Kitco News.

On the Federal Reserve's meeting this week, Horwitz said that should Fed Chairman Jerome Powell succumb to pressure from President Donald Trump and be more dovish than expected, this would signal a less than robust economy in 2019.

"I think President is wrong in this case, and I don't think Powell will listen to him, but he will listen to the data, which could mean that we're in for a stormy 2019," Horwitz said.

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This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.