Silver rises more sharply than Gold – Commerzbank
|The price of Gold may have recently reached a new record high, but the price of Silver has actually performed even more impressively, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Silver outperforms Gold
"Since the beginning of the year, it has risen by around 56%, outperforming even Gold, which has gained 44%. Last month alone, Gold's little brother rose by 15%. We have pointed this out many times: there are no (new) fundamental reasons for the sharp rise in prices. The physical Silver market was already undersupplied long before its recent rally."
"Rather, it stands to reason that the record high price of Gold is now deterring many and that alternatives are therefore being sought. However, caution is now also advised with regard to Silver: here, too, the record high from 2011 of just under $49 per troy ounce is approaching."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.