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Hot commodity silver outpaces gold as buying gains momentum
By Sybilla Gross
Bloomberg News
Friday, May 17, 2024
Gold's record-setting rally may have captured the headlines this year, but it's silver that's running harder and faster as the less glamorous metal benefits from robust financial and industrial demand.
Silver has soared by more than a quarter this year, outpacing gold and making it one of the year's best-performing major commodities. Yet in relative terms, silver is still cheap. It currently takes about 80 ounces of silver to buy 1 ounce of gold, compared with the 20-year average of 68. ...
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