Loading ...Silver Massive Under Performance
No charts, just an observation. I was going through some of my old financial records and it just reminded me how terrible the performance of silver has been over recent years.
6th Dec 2010 Gold = £903, Silver = £19
5th Feb 2011 Gold = £878, Silver = £21.87
Today Gold = £963, Silver = £12.39
Since Feb 2011 (in GBP), Gold is up 9% and Silver is down 43% !
Thanks NS very interesting figures. It is a bizarre situation and we need Silver to do something positive!
No bull market in PMs until silver starts to outperform gold and investors start to accumulate not distribute the miners.
Interesting Northstar
Remember Silver topped out near $50 US in April 2011 but Gold didn’t top until 6 months later.
Likely Silver will also bottom first.
Well, I’m hoping they both bottomed back in late 2015/early 2016 🙂