Silver had a rough start of the year 2020 as it failed to replicate the sharp rally in gold price due to concerns that economic slowdown on back of virus outbreak may dampen industrial demand.
The metal has however garnered enough interest in last few days and it has outrun gold in last few days. In the month of May, we saw spot gold price rising by about 2.5 percent while spot silver registered a staggering near 18 percent rise.
Silver's outperformance is also evident from the gold:silver ratio. The ratio has fallen from near 113 at end of April to near 94 levels by end of May as silver has risen more than gold.
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