Business Insider: Why Investors Are Flocking to Silver and Platinum, Not Just Gold
Article By Huileng Tan in Business Insider
Gold's rally has turned heads this year, but silver and platinum are leading a broader rush into hard assets.
Spot silver is trading around $50 per ounce, up about 70% year to date after touching its record high above $51 per ounce on Thursday, according to LSEG data.
Meanwhile, spot platinum is trading near $1,620 per ounce, up a staggering 80% year-to-date and around 13-year highs.
The rush into silver reflects how the white metal — alongside assets like bitcoin — is now seen as "easy-access global inflation havens," wrote Thierry Wizman, a global foreign exchange and rates strategist at Macquarie Group, on Wednesday.
Gold's performance — while impressive — slightly trails silver and platinum.
Spot gold prices are up 52% this year, having smashed ......