PRESS ROOM
Gold's recovery helping lift silver
Friday 12th August '22
Gold’s recovery since the second half of July has helped lift silver as well. Silver, which derives more than half of its demand from industrial applications, is still highly correlated with gold. Since March, silver’s weakness was exacerbated by the pullback in industrial metals over and above the weakness in gold. Silver still has much ground to regain before it reaches its recent highs from March and April.