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.

Other Favorite Posts You Might Like...

Money worries weigh on juniors at PDAC By Michael Allan McCrae The buzz at the world's largest mining show, PDAC International Convention, Trade Show & Investors Exchange, is the lack of funds. The four-day mining conference started ...
Newmont mulls taking investment for its Peru’s Con... By Cecilia Jamasmie The world's number two gold producer, Newmont Mining (NYSE: NEM), said it remains committed to resuming its $4.8 billion gold-copper Conga project in Peru, but stressed that is w...
A Historical Perspective Of A Precious Metal Price... Summary: There's no disputing that silver is way off its high of nearly $50 back in 2011. This steady decline has led some to claim the silver bull market is over. But this analysis from SilverSeek pr...