Silver price is ‘now only marginally undervalued as compared with gold’: Commerzbank

by | Aug 18, 2020 | Silver

Gold and silver kicked off the week on a very positive note, up 2% and 5% on the day, respectively. The gold-silver ratio is now below 73, which is a sign that silver is catching up to gold, according to Commerzbank. “The fact that the gold/silver ratio is at 73 reveals that silver is now only marginally undervalued as compared with gold,” Commerzbank analyst Carsten Fritsch writes. One of the driving forces behind silver’s stronger move up is ETF inflows. “Unlike gold, silver ETFs have been registering robust inflows in recent days. ETF investors apparently viewed the significantly lower silver price in the interim as a buying opportunity,” Fritsch explains. Meanwhile, gold is seeing less ETF demand. “Interest among ETF investors has been cooling noticeably for a good week now. Friday saw the sixth consecutive day of ETF outflows – the last time this happened was in mid-March. The outflows are attributable almost entirely to the SPDR Gold Trust, which is used primarily by institutional investors,” says Fritsch. Both gold and silver are fading support from weaker U.S. dollar and falling bond yields this week.

Originally seen on Kitco

3 Ways To Survive Devastating Dollar Collapse

The U.S. economy is unstable, as is the future. Learn how to protect your wealth from the dollar collapse and discover viable ways to grow your wealth as well. Introduction The period of the U.S. greenback’s “exorbitant privilege” because the world’s major reserve...

Biden spending spree to unleash inflation, big-money managers worry

Big-money managers worry President Biden’s ambitious spending plans could derail the momentum seen in markets and the economy, according to a new Bank of America survey.

‘Unhinged From Reality’: Tucker Carlson Blasts Biden’s ATF Nominee As ‘Conspiracy Nut’

Tucker Carlson blasted President Joe Biden's nominee to lead the ATF on Thursday as "unhinged from reality" on the issue of gun control.

Joe Biden Declares ‘No Amendment to the Constitution Is Absolute’ in Gun Control Speech

Joe Biden declared “no amendment is absolute” while unveiling a series of executive actions targeting American citizens’ 2nd Amendment rights.

Yahoo Finance: Biden’s Gold Boom: Why the Yellow Metal Could Fly in 2021

As the Biden Administration prepares to release another round of stimulus checks, gold prices could soar, and junior miners will likely be the biggest benefactors

CNBC: Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’

Dimon, 65, weighed in on a range of topics familiar to watchers of the country’s most prominent banker.

Investor’s Business Daily: Two Companies Will Reach $2 Trillion Next (Tesla Isn’t One)

View Original Article Consider a Gold IRA One strategy for protecting your wealth is diversifying your portfolio with a Gold IRA. Oakhurst Metals specializes in Gold IRAs and can help you convert your traditional or Roth IRA or 401(k) into a Self-Directed IRA, capable...

Financial Times: How will the Fed contend with rising US borrowing costs?

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

The Guardian: John Oliver on the US national debt: ‘I actually have some good news for you’

The Last Week Tonight set aside fearmongering about government spending and finds ‘a good-faith debate to be had’ about how to handle national debt

Axios: How the Fed took control of the economy

Even with this control, the Fed has by its own admission failed to fully reach its goals.

Will the Debt Bomb Explode, Igniting Gold?

Precious metals investors holding gold should benefit from negative real interest rates. #alternatives #gold #investing #stockmarket


Election Year

Live Gold Price

Live Silver Price

Skip to content