Chris Ritchie – Silver trading at the quarter close, Fund Flows continue toward risk on, and an update on SilverCrest Metals construction
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to share his insights on the silver market and a construction update at the Las Chispas Project in Mexico.
On the silver market front there was some strange trading at the end of the month and quarter last week. A massive amount of silver contracts were dumped on the market which caused silver to drop around $1, from $22.50 to $21.50. We also discuss fund flows which continue to show funds are the most exposed to equities compared to bonds. Further driving home the risk on attitude of large money managers.
On the SilverCrest Metals front, we discuss construction updates and ESG considerations for the Company and sector as a whole.
If you have any follow up questions for Chris please email us at either Fleck@kereport.com or Shad@kereport.com.