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History rhymes - this time the rhyme in silver is very clear. Let’s start with the ratio. [Quoting my last Friday’s comments] And speaking of those “other markets”, let’s take a look at silver. Let’s start with the ratio between silver and gold as that’s where we recently saw something important and with clear implications for the price of white metal. ...
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The Perth Mint sold 23,238 troy ounces (oz) of gold and 796,934 oz of silver in minted product form during May 2024. Opening the month around USD 2,300, the gold price in US dollar terms generally tracked flat before jumping higher by 1.5% off the back of weaker US jobs data which reinforced the potential for a Fed rate cut. On May 20 bullion hit a record ...