Silver Surges While Gold Stalls

Hey folks,

Let me walk you through something interesting I’ve been watching — and it’s probably not what you’d expect.

Everyone’s eyes have been on gold for quite a while now.

And sure enough, with all the global unrest and economic uncertainty, gold made a move earlier this week.

But now it’s started to stall. The yellow metal is pulling back a bit, even with Middle East tensions rising and inflation data in the mix.

But here’s the twist: silver isn’t pulling back at all.

In fact, silver’s still climbing — even with the dollar gaining strength (which usually hurts metals) and copper prices falling (which silver often follows). Silver’s bucking the usual playbook.

As I said on today’s Market Radar, “It’s almost like everybody says, ‘Well, gold’s expensive… so let’s go buy silver.’” And that may not be far from the truth.

It wasn’t that long ago silver couldn’t crack $35. Then out of nowhere — zing — it sliced right through and kept going. Even today, with gold down and copper down, silver is up. That tells me there’s real buying pressure here.

Could be fund flows. Could be retail money looking for value. But whatever it is — it’s happening in real time, and it’s defying the usual correlations.

I just covered this and more in my free bi-weekly Market Radar session.

Watch the full episode here

And don’t forget to register your spot to be notified every time I go live.

Stay sharp,
—Geof