Gold buys the most silver in almost two years, signaling a potential decline for the yellow metal or a turnaround for its sister.
Silver is rebounding after losing almost 4 percent on Friday, the worst loss in more than 13 months, after a U.S. jobs report showed accelerating wage gains, adding to speculation of further monetary tightening.
Given silver is inexpensive versus gold, while industrial use is rising and mine output shrinking, there’s a strong argument to buy now, says Gregor Gregersen, founder of Singapore-based Silver Bullion Pte.
Source: Bloomberg Pro Terminal
Trader-G.Bozhidarov
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