After falling short of gold’s performance every year since 2012, silver is finally pushing ahead to post the biggest rally among precious metals this year. While both benefit from mounting speculation that the Federal Reserve will be slow to increase interest rates, the white metal, which also has industrial uses, is gaining an added boost from signs of stabilization in China’s economy and the resilience of the U.S. expansion. In the spot market, an ounce of gold buys 75.96 ounces of silver, the least since December.
Photographer: Bartek Sadowski/Bloomberg
Finally, It's Silver's Time to Outshine Gold: Chart
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