Within the last 5 days, two main precious metals’ prices move in uncorrelated relation. The most demanded gold surprised with the price fall of $27 change but silver could maintain its $17 value per ounce during the last 30 days.
The situation tells short term gold price fall that could not significantly decrease $183 change within the last six months. At the same interesting time, silver makes us less optimistic about its price change within the last six months. Gold price seems promising if we look at one year change.
So, we could say that silver can be good storage of investors’ wealth, additionally, optimism in positive price change should be taken into account.
Both metals are still considered as the main objects for long term investment. If you are eager to know how to optimally invest in them both head over here.