Silver is acting weaker than it should be this juncture, just over two years after an important bottom in the precious metals complex formed in late 2015.
From the December 2015 lows in both precious metals at $13.65 per ounce for silver and $1,045 for gold, while both have risen, silver prices have underperformed gold. Since the bottom, silver is up 19.8% to close at $16.36 this week, while gold is up 27.8% to close at $1,336 over the same timeframe. Silver is clearly the laggard of the historic monetary metals amidst the present cycle.
What are we to make of this underperformance in silver? Is there still a possibility for...