Experts comment on the rise of precious metals, stating that silver is currently more valuable!
Jeff Clark recently stated in an interview that when it comes to the rise of precious metals, the better value at the moment may be in silver.
Clark said that silver usually performs better than gold, but silver starts slowly.
Clark pointed out that the stock price performance of gold mining companies represented by GDX did not exceed that of gold. As of August 8th, both gold prices and GDX stock prices have shown similar returns. Clark expects that gold miners' stocks will begin to improve when they begin to show higher free cash flow in the second quarter.
Driven by the demand for purchasing ounces from large enterprises, it is expected that M&A activities will increase as producers gain more cash.
Clark pointed out that silver prices may begin to fluctuate after gold, and their performance should be better than gold's. However, gold is considered to perform better in negative economic events.
Clark said, "Silver performs better than gold. It often starts slower. Gold tends to strengthen a bit, so now silver may be more valuable
Daily chart of spot silver
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