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Silver: A once in a lifetime opportunity

19 January 2024

In this week's market update:

  • Precious metal prices are essentially unchanged over the past five trading days, with gold last sitting at USD $2,020 per troy ounce (oz).

  • Silver fell -1%, now trading at USD $22.70oz, with the gold to silver ratio (GSR) sitting at 89.

  • Intra-week, there was notable volatility, with gold for example climbing up above USD $2,050oz at one point, before reversing and testing USD $2,020oz on the downside.

  • Local investors were better protected through this volatility, with a 2