Analyst: Multiple factors indicate that silver may have greater upward potential than gold.
Analyst Peter McGuire says that silver may have greater upside potential than gold. He points out that various market factors support this trend, including a weaker US dollar and declining bond yields. McGuire says, "The US dollar index is below 99, around 98.80. Silver has seen a good rebound and gold prices are also rising." He notes that bond yields have already fallen, with the 10-year Treasury yield at 4.35%, prompting funds to enter the metal market. He adds, "In such a short time, a lot of smart money has found refuge in silver and gold." In the European session on Tuesday, spot silver rose above $35 per ounce for the first time since October 2012. McGuire encourages investors to pay attention to the gold-silver ratio, which he says "could be around 95-97:1." He believes that silver investments are still insufficient and will benefit from market interest and industrial demand. He says, "Silver shines brighter than gold."
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