Analysts: Silver will beat gold to maintain its leading performance

Sina Financial News analyst Jake Lloyd-Smith said that in the price battle between the two main precious metals, silver is gradually beating its more expensive and legendary rival gold. Despite the good performance of both, this leading performance is likely to continue. Gold has pumped to a series of highs since the start of 2024, up about 15% year-to-date. While silver has not yet reached a new peak and will not be reached anytime soon, it has pumped about 18% so far this year. Since the turn of the century, an average of 68 ounces of silver has been needed to buy 1 ounce of gold. Currently, the ratio is around 85, so there is still shorter time for silver, a cheaper commodity, to catch up as 2024 begins, especially as investors have begun to reinvest in silver-backed exchanges traded funds (ETFs), which is not yet the case for gold.