A lot of people think that as silver goes, so goes gold and vice versa. This is simply not true. In fact, even though it can be true during certain conditions, (read inflation) most of the time they are somewhat independent of each other as they have different drivers.
Silver is a lot different because it has industrial uses as well. Gold is mainly either a anti-Dollar or anti-money printing instrument, (ans as such has been rising due to all central banks printing) or a hedge against inflation. The demand for silver can be similar, but it also has industrial uses, so it moves differently.
If you want to see how different gold looks at times - try checking out the charts in gold vs. EUR or even GBP......
The charts below show the highs of these metals, and how they are 2 years apart.
Silver is a lot different because it has industrial uses as well. Gold is mainly either a anti-Dollar or anti-money printing instrument, (ans as such has been rising due to all central banks printing) or a hedge against inflation. The demand for silver can be similar, but it also has industrial uses, so it moves differently.
If you want to see how different gold looks at times - try checking out the charts in gold vs. EUR or even GBP......
The charts below show the highs of these metals, and how they are 2 years apart.