Silver Wheaton, Tahoe Resources Set to Shine Says USAA Fund Manager

Silver is more economically sensitive than gold so the improving confidence in the U.S. economy will be a strong tailwind for silver prices, said Dan Denbow, Portfolio Manager for the USAA Precious Metals and Minerals Fund. Denbow added that his favorite silver plays are Tahoe Resources (TAHO) and Silver Wheaton (SLW). He said the strengthening of the U.S. dollar presents a headwind for gold, but it could be muted as the ECB gets pushed into QE, allowing the European economy to feel some relief on its current strains. Finally, Denbow said he likes smaller gold miners because they have better cost control than their larger competitors.