Barron's: Gold Prices Are Crushing Silver. Why That Could Change Soon
Article by Ian Salisbury in Barron's
Gold prices have been on a tear, leaving silver far behind. As the gold rally slows, it could be silver’s chance to shine.
It’s been a great time for gold investors. A slew of factors, including inflation worries, demand from central banks, and uncertainty surrounding the Trump administration’s trade war have combined to send the metal up 23% so far this year to nearly $3,232 an ounce, for near-month contracts on Comex, according to Dow Jones Markets Data.
Silver, also historically as a safe haven whose price tends to track that of gold, has rallied too, but not nearly as dramatically. Silver prices have gained about 10% this year to just under $2 an ounce.
The difference has investors talking. Gold’s big rally means it’s now trading roughly 100 times the price of silver, a premium it has achieved only a handful of times in the past, most recently in March 2020, the early days of the Covid pandemic.
More typically gold trades in a range of ......