Despite gold rising this past week, silver prices softened, losing 0.5%. Still, with being only slightly over two weeks into the new year, silver is up 6.5% vs. gold up 4.1%.
So how did markets perform in 2024? Commodities were decidedly mixed. Natural gas (NG) was the big winner for 2024, with gold +27.5%, silver +21.4%, copper +3.5%, and oil +0.1%.
The silver market presents a distinctly bullish outlook for the new year. In the very short-term, however, silver might still dip below USD 30 for a final flush out of any weak hands.
