But silver has seen even bigger percentage gains in recent weeks.
“It seems like silver is going for the gold medal,” said Mobeen Tahir, associate director of research at exchange-traded product provider Wisdom Tree.
The silver spot price, it’s real-time value, reached $29 an ounce last week, according to Reuters data. It has since pulled back slightly but still stands at almost $27 an ounce. This represents a seven-year high and a gain of nearly 39% since mid-July when the precious metal rally got into full swing.
August 14, 2020