Tuesday, 02 January 2024 12:17 GMT

Silver's Outperformance In August Barely Got Any Media Attention


(MENAFN- Investor Brand Network) From the end of July to August 25, the price of silver appreciated by 19%. During that same timeframe, the price of gold recorded gains of 15.1%. However, all the attention is going to gold's performance, while silver is barely being mentioned even though it did the heavy lifting for precious metals.

Entities like Numa Numa Resources Inc. that are linked to both metals know that silver's smaller market is a double-edged sword. The price of the metal can rise significantly, as it did in August this year, and it can also drop spectacularly when a market force causes precious metal prices to come under pressure. Investors need to be aware of this two-sided behavior of silver relative to...

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