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Silver outperforms gold with 23% growth in 55 days
Silver is outperforming gold in recent market trends, seeing a 23% increase over the last 55 days. This growth is more than double the 10% gain recorded by gold during the same period.
Gold futures recently rose by 1.07% to reach 4,447 dollars, with 4,474 dollars identified as a key upcoming threshold. Meanwhile, silver futures increased by 2.34% to 67.27 dollars. Analysts are closely watching the 100-day moving average for silver, as breaking above this level could signal a continued upward trend.
The performance gap has impacted the gold-to-silver ratio, which dropped from 72.55 on July 17 to 65.37, a decrease of approximately 10%. Technical levels to watch include 65.13; if the ratio falls below this, it may move toward 62.82.