Silver futures finished higher on Monday, taking advantage of a rise in appetite for riskier assets while gold posted back-to-back declines as traders kept watch on Britain’s circuitous effort to leave the European Union and awaited developments in the U.S.-China trade fight.
“Silver is finally being helped by its industrial needs and participation in our economy,” George Gero, managing director at RBC Wealth Management, told MarketWatch. Until recently, silver had “lagged as haven seekers kept up with gold investments.”
Anglo Pacific Group plc (LON:APF) has a 2.5% life of mine NSR royalty on the El Valle-Boinàs/Carlés gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp.