Silver Outperforming Gold; Analysts Mixed On Short-Term Momentum

commodity-silver-bars-closeup (HomeSubFeature)

(Kitco News) – Although a lot of focus was on gold last week as the price made major technical advances, silver was actually the better performer. Last week, Comex April gold futures advanced 4.2%; however, March silver futures rallied 7.27% with most of the gains coming on Friday as the price closed the day at $21.421, a daily gain of 4.6%.

Analysts have pointed out that silver is a lot more volatile than gold, however, there are some technical factors that are helping silver outperform its counterpart…and some analysts believe that that the gold/silver ratio has also broken a long-term uptrend.