Silver’s Outperformance in August Barely Got Any Media Attention
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. The first question is: Why did silver record bigger gains than gold did? The answer lies in the size of the two markets. The gold market is several times larger than that for silver, so a force that barely shifts gold prices triggers a much bigger effect on…