Activity in the silver and gold market: Silver returns stood out in the last 55 days
While the rise in the precious metals market continues, silver gained 23 percent in value over the last 55 days, doubling the return of gold.
While gold and silver prices continue to rise, the performance gap between the two precious metals has widened in favor of silver. In the last 55 days, gold gained 10 percent in value, while silver recorded an increase of 23 percent.
Latest Status in Gold Futures
Completing Wednesday with strong gains, gold futures increased by 1.07 percent to reach $4,447.
If the upward trend in the markets continues, the $4,474 level is being monitored as the first major resistance point.
Market Performance of Silver
Silver outperformed gold, rising 2.34 percent to $67.27.
While silver has not yet broken above the 100-day moving average, surpassing this level is considered an important technical signal.
Return Rates and the Gold-Silver Ratio
Looking at the performance of the last 55 days, gold gained 10 percent in value, while silver provided more than double the return of gold with a 23 percent increase.
The gold-silver ratio fell from 72.55 on July 17 to 65.37, revealing that silver has gained strength against gold.