Gold Shines, But Silver Sparkles Even More

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Gold Shines, But Silver Sparkles Even More

While the surging price of gold, which broke the USD 2,000/oz. level recently, has attracted all the attention, investors are also re-assessing what other assets could offer gold’s investment properties at a lower cost. Gold’s 14% rise since the end of June pales in comparison to the 54% rise in silver over the same time. Indeed, the gold/silver ratio is back down to 72, a level last seen in early 2017, after peaking at 124 in mid-March, though it remains above its long-term average of 59.

20200814 Gold Shines But Silver Sparkles Even More
Source: Bloomberg, Unigestion. Data as at 7 August 2020

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