FYI: Silver prices have fallen 9% from this year’s highs—an opportunity for investors to buy the metal that has outperformed gold so far this month.
“If you are bullish on gold’s future prospects, silver is going to provide you with upside leverage with relatively low risks at these price levels,” says Peter Spina, president of silver news and analysis provider SilverSeek.com. “The risk-to-reward appeal in silver is one of the best opportunities in a decade.”
Related Data
Silver futures settled at $17.804 an ounce on Thursday. It’s down 9% from the $19.547 settlement on Sept. 4—the highest most-active contract finish in almost three years. Silver is trading 4.7% higher so far this month, while gold has gained 2.2%.
Silver prices are catching up to gold’s rise this year, trading 14.6% higher versus gold’s 17.4% climb. Similarly, the iShares Silver Trustexchange-traded fund (ticker: SLV) has climbed 14.7% year to date, compared with the SPDR Gold SharesETF’s (GLD) 16.7% rise.
Regards,
Ted
https://www.barrons.com/articles/if-silver-is-the-new-gold-now-is-a-good-time-to-buy-51571997600?mod=past_editions
