Don’t Worry, Silver’s Just Gearing Up For Its Comeback — Expert

One veteran trader is not too concerned with precious metals prices right now. Instead, he thinks silver is just gearing up for a comeback.

“Near term, I think precious metals may have a little more pressure even though they’ve been strong since the start of the month,” Todd ‘Bubba’ Horwitz, host of The Bubba Show, told AGX Media this week.

“There’s been some damage done from a technical standpoint. So right now, I’m cautiously bullish.”

However, the Chicago-based analyst said he “certainly could” see silver breakout given that it has many more uses than its sister metals.

“I have no problem seeing that. If we see a rally, the spread will narrow and silver will outperform gold,” he said. “Look at silver as a precious metal, but it’s more than that.”

Bubba noted that silver has more industrial uses than gold. He also said that silver works much better as a currency.

“Silver should outperform gold and it probably will at some point,” he said. “Silver actually gets used up so I think it has a much better chance.”

When discussing digital currencies, Bubba said he is a “fan”.

“I would have no problem with digital currencies, and one backed by silver, I think is great,” he said.

According to Bubba, regulators are cracking down hard on cryptos because these alternative currencies reduce the power that the central banking system has on the global economy.

“That’s what they are trying to avoid so they can manipulate the fiat currency system.”

Moving forward, Bubba said he recommends holding a stable amount of wealth in precious metals.

“I think that everybody should have 5–10% in precious metals,” he said.

“You should always have those safety assets — alternative currency — and build a portfolio from there.”