Today's silver & gold charts ?

T

the optimist

New Member
Just looking at the silver & gold charts for today. don't think I've ever seen them look so different from each other.
A good climb for gold and a bit of a climb for silver.
Usually they look not far of identical of each other as in going up and down together, why so different today ?
 
By no means do I understand the markets that well but I think because silver is an industrial metal the bad manufacturing data out of China may be dragging silver down.
 
Probably something to do with India announcing that it plans to ease gold import restrictions. They're currently paying a 10% import duty
 
I would agree with both those.... India turned to silver when gold wasn't available (legally), but silver is driven by gold as a primary rule. It will join back up with its big brother soon in correlating closely, then it will have bigger gains. It's down so much more than gold from its highs.
 
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