Silver Beats Gold in Precious Metals Rally

Silver Beats Gold in Precious Metals Rally
One Kilogram Gold Bars and One Kilogram Silver Bars Are Seen in This Arranged Photograph (Photographer: Chris Ratcliffe/Bloomberg)

Spot silver prices touched a two year high of $21 per ounce on Monday, before retreating. In fact, the trend of gold outperforming silver reversed at the start of this financial year, when silver started playing catch-up.

The return differential between the two precious metals has been especially pronounced since the Brexit vote. Silver rallied over 12 percent since the vote compared to gold, which has rose just over 2 percent.

In 2016 so far, gold has given a return of 26.6 percent versus silver which gained 44.1 percent in the same period.

Investor's appetite for silver comes after two years of underperformance. And despite Tuesday's 1.6 percent fall in international prices, silver still trumps gold in 2016.

Unlock this article for free
Sign up to access exclusive stories, fewer ads, and a personalised experience.
Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source