The fundamentals, coupled with a lot of institutional investment funds coming into the market, are keeping prices up.
More Quotes from Tobin Gorey:
I understand that some of the demand from fabricators has fallen away as the price has risen.Tobin Gorey
There's still money flying into the commodities markets in general. I think the market is still bullish.
Tobin Gorey
That would give silver a real push.
Tobin Gorey
The Iranian issue is hanging over the market. There's a big bogey there in the form of Iran and these smaller issues that are making real impinges on supply.
Tobin Gorey
Something that could have squeezed supply a bit tighter would be a sustained cold snap and there just hasn't been the cold weather in the U.S. yet to test out just how well the market can supply.
Tobin Gorey
I'm inclined to think it's not reached a peak yet. We're still faced with a tight supply-demand equation against the backdrop of strong economic growth, and there's still more money to come into the market.
Tobin Gorey
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