Saxo Group Videos

Hansen: Why WTI will fall again and silver will outshine gold

It's been a crazy week in the markets with WTI seeing its biggest daily gain since 2009, but the recovery may not last long, says Saxo Bank’s Ole Hansen. He explains why oil prices could go back down to USD 40 and why he prefers silver to gold.

Earlier this week billions of dollars were wiped off the market, when investor sold off everything from stocks to bonds, but gold managed to hold on, Hansen says. Still, he believes that silver is set to leave gold trailing and has a trade in the ratio between the pair.

02:43 minutes
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