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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Silver’s Surge Means It’s Closing the Gap on Gold

Posted on 20 April 2016

As gold prices have surged this year, silver has lagged far behind. Now, the metal known as “poor man’s gold” is starting to play catch up. On Tuesday, silver hit its highest level in more than 10 months, and its more than 4% gain helped silver narrow its price gap with gold.
The gold-to-silver ratio fell to its lowest level in four months on Tuesday at 74. In March, the ratio hit its highest level since 2008 at 83, according to FactSet data. That recent divergence in price has sparked some buying in silver, as traders bet that the ratio between gold and silver will revert back to its average level………………………………………..Full Article: Source


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