Gold is hitting new highs but silver is hitting new lows. Gold is primarily an investment metal but silver price is still driven by industrial demand. Guess what happens when economies slow down…

Some statistics: Gold price is driven 51% by investment and central bank demand. Silver price is driven 18% investment demand and 56% industrial demand. Source: World Gold Council, Silver Institute based on 2018 figures

Pop Quiz: Does that mean that Silver is out of the race?