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Silver Surges, Far Outpacing Gold’s Rally This Year

From capitalspectator.com

The casual reader of financial news is probably aware that gold’s glitter is shining brightly this year on the heels of a 60%-plus year-to-date rally. But the sparkle looks dull next to silver’s rise. Using a set of ETFs to track the two metals highlights that silver has surged nearly 119% this year, based on the iShares Silver Trust (SLV). The stellar increase is nearly twice the gain for gold, based on SPDR Gold Shares (GLD). What’s driving silver’s upside explosion? A mix of factors, according to analysts, including stockpiling related to the growing demand for the metal in electronics, alternative energy ... (full story)

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  • Category: Fundamental Analysis