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Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points to silver's price moving back above $80 per ounce and emphasizes the impressive margins of miners producing at costs below $15 per ounce.
Costa states that current mining margins are stronger than those seen at leading technology companies.
Costa has recently raised concerns about the Federal Reserve citing Kevin Warsh’s inflation metric to justify lower interest rates as inflation rises, according to a previous statement. He has also assessed policy divergence among global central banks and identified ongoing risks for dollar weakness, as noted in an earlier analysis. Costa continues to monitor macroeconomic conditions alongside developments in commodity markets.