Silver has been closing the gap on gold, but there is still much more work to be done. Here's why...
Simon Popple of Brookville Captial on IG UK
With silver having risen at a faster pace recently than gold, the gap, or ratio, between the two has closed. However, it is still a long way from its average. Simon Popple, from Brookville Capital, says the long-term average is 58 and for that to be achieved, silver should be at $26 not $19.50 per ounce. Asked whether the price gap would close by a drop in gold, Popple tells IGTV that acting as a safe haven as it is, gold is expected to hold its value at or around present levels.