Do you know which precious metal has been the weakest in 2019?

From Allen Sykora: Silver is the weakest of the precious metals this year, losing 7% so far in 2019, with little on the horizon to pull it up aside from any bounce in gold, said UBS. "Gold remains a key driver for silver prices, and therefore lackluster price action has mostly been acting as a drag," UBS said. "Investor indifference towards gold is amplified even more in silver."  The gold-silver ratio has climbed above 89, the highest since 1993 and representing an underperformance by silver. "This could ultimately attract interest - at the very least from a relative value perspective - but the bar remains high for silver upside catalysts that could trigger a sharp reversal in the ratio for now," UBS said. "A convincing break higher in gold is likely to revive investors' enthusiasm towards silver, with the view that there's plenty of catching up to do. However, although certain macro factors are looking more supportive for gold here (further decline in rates, weakness in equities), the dollar remains strong and broader conditions still appear insufficient to call for a strong bull run for now." Unlike gold, more than 50% of silver's demand is for industrial uses, meaning exposure to economic activity. "On this front, silver has met challenges given risks to global growth amid higher tariffs and continued trade tensions between the U.S. and China," UBS said. "Base metals have similarly come under pressure. Global sales of semiconductors are down sharply, and our colleagues in equities note high inventories amid slower rate of demand in end markets." Meanwhile, holdings of silver by exchange-traded funds are down by 2%, or 10.95 million ounces, so far in 2019, UBS added.
NYSE:SLV May 30, 2019 3:12pm

Why does Goldman Sachs believes gold will outperform silver?

gold bar closeup
From Allen Sykora: (Kitco News) - Goldman Sachs favors a pair of spread trades in the precious-metals complex, looking for gold to outshine silver and palladium to outperform platinum.
NYSE:GLD April 26, 2019 1:40pm

Is This High Gold-Silver Ratio Sustainable?

fine gold closeup photo
From Allen Sykora: The rise in the gold-silver ratio is unsustainable and will correct, says Richard Baker, editor of the Eureka Miner's Report. This ratio measures how many ounces of silver it takes to buy an ounce of gold. A rising number means underperformance by silver, and vice-versa. Baker points out that the silver has hit levels not seen since November 2008 during the financial crisis. The ratio was 86.6 Thursday, well above its 10-year average of 66.2. "This suggests silver is very, very cheap relative to the yellow metal, at least in historical terms," Baker says. "The gold-to-copper ratio, although not extreme, is also elevated considering the safe-haven demand for gold has declined from earlier this year."
NYSE:SLV April 12, 2019 3:12pm

Commerzbank predicts Silver to reach $16.50 Silver in 2019

long and stacked silver bars
From Allen Sykora: (Kitco News) - Commerzbank looks for gold to climb as high as $1,400 an ounce and silver to $16.50 before the end of 2019.
NYSE:SLV March 18, 2019 2:34pm

Demand for gold should continue to rise in 2019

gld stock
From Allen Sykora: U.S. retail investment demand for gold and silver should pick up in 2019 on a bounce from a weak 2018, as well as higher prices by end of the year, says the consultancy Metals Focus. Retail gold demand, such as bars and coins, peaked at nearly 3 million ounces in 2016, the highest level since 2010, but subsequently fell to under 1 million in 2018, Metals Focus says. The U.S. Mint's combined sales of American Eagle and Buffalo gold coins fell from 1.2 million ounces in 2016 to less than 400,000 last year, Metals Focus points out. Sales of both gold and silver coins jumped to two-year highs in January, but then slumped again in February, the consultancy continues. "Looking ahead though, we still forecast modest full-year gains for both gold and silver retail investment in the U.S.," the consultancy says. "Part of this reflects the comparison against very poor totals in 2018." However, analysts say, "we expect gold and silver prices to strengthen before end-2019. Although this will generate some profit taking, we believe this will be offset by more significant levels of retail demand, delivering single-digit percentage gains for both metals."
NYSE:GLD March 13, 2019 11:18am

Why silver could outperform gold in 2019

silver dollar
From Allen Sykora: (Kitco News) - Silver should rise during the latter part of 2019 and outperform gold, with the gold/silver ratio falling to the low 70s, says the consultancy Metals Focus.
NYSE:SLV March 7, 2019 3:42pm

Fund Managers Are Bullish On Silver

silver coins
From Allen Sykora: (Kitco News) - Money managers were collectively bullish in both gold and silver futures as 2018 came to an end, new data from the Commodity Futures Trading Commission show.
NYSE:SLV February 6, 2019 12:28pm

CPM Group Sees Gold Near $1,300 In 2019

Gold Price
From Allen Sykora: CPM Group looks for gold prices to rise next year as the Federal Reserve slows its pace of U.S. interest-rate hikes, yet the consultancy does not expect the yellow metal to run away to the upside either since the economy will remain strong.
NYSE:GLD December 14, 2018 1:48pm

Palladium Tops Gold To Become ‘Most Valuable Precious Metal’

gold wall
From Allen Sykora:
NYSE:PALL December 5, 2018 1:48pm

Commerzbank: Gold To Hit $1,350 In 2019

Gold Prices
From Allen Sykora : Commerzbank looks for most precious metals to strengthen in 2019, with the exception of high-flying palladium, which the German bank says may be due for a correction lower.
NYSE:GLD

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