“In the early stages of the precious metals bull market, gold leads the way with silver being pulled up slowly by the rising gold price,” said Peter Spina, who is president of GoldSeek.com and SilverSeek.com, providers of news and analysis for the precious metals. “At a certain point, the relative value of silver versus gold gets more noticed and investors start to accumulate the ‘poor man’s gold’.”
“Now we are entering into the next phase of the bull market where silver is getting recognized for its deep discount as a precious, monetary metal,” Spina told MarketWatch.
But it’s “all relative,” he said. “Investors are looking for safety in gold and silver’s ability to also provide a low-risk store of value,” and that “builds stronger investment inflows,” feeding the price climb.
July 21, 2020