Silver has sharply outpaced gold’s gains in the previous three months, and its classification as each an industrial and valuable metallic could lead it on a path to even larger costs.
From Oct. 31 to Jan. 31, Comex silver futures climbed practically 25%, outpacing gold’s nearly 19% climb, a “statistically uncommon quantity that reveals the valuable metals market is bullish on international financial progress in 2023,” wrote Nicholas Colas, co-founder of DataTrek Research, in a Jan. 25 report.