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Why silver may not outshine gold after all

Posted on 23 July 2013

Silver will continue to underperform gold, according to a report from Capital Economics, despite a recent spike in prices of the silver metal. The price of silver was up by almost 5 percent at $20.42 per ounce on Monday, after hitting a low of $18.22 on June 28 over concerns the U.S. Federal Reserve was about to wind down its monetary stimulus – a major driver of precious metal prices.
But Capital Economics highlighted that silver’s recovery had lagged behind gold, which hit a month-high of $1,327 per ounce on Monday, after falling to $1,180 in June. Comments by Fed Chairman Ben Bernanke last week helped abate fears of a swift end to monetary easing, helping prices gather momentum………………………………………..Full Article: Source


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VRS - who has written 36951 posts on Opalesque Commodities Briefing.


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