| The silver price could eventually outperform that of gold in percentage terms, UBS said, highlighting the metal’s encouraging performance so far in 2015. Silver was last at $16.36 per ounce, up four percent on the start of the year. It peaked at $18.49 in January and bottomed out at lows of $15.29 in March.
It is outperforming gold so far this year – the yellow metal started 2015 at $1,189 per ounce and was last at $1,200, up one percent. “Silver had been underperforming gold for most of April, with the gold:silver ratio rising from the low 70s towards the highs around 75. The underperformance was likely in large part due to positioning,” UBS’ Edel Tully said...............................................Full Article: Source
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