Precious Metals Prices: Tug of War

Silver Investing News reports silver has outperformed gold this year.

“Safe-haven flows seem to have ebbed out of the gold market,” said Jon Nadler, a senior analyst at Kitco. “People see the gains in stocks and they think, ‘Let’s take a little bit of money off the gold table and put it into where the action is.’”

Those firms that had been moving into gold over the past couple of weeks have turned to profit-taking.  “There’s a tug-of-war going on now between: Do we see an economic recovery and do we still see safe-haven flows,” said Nadler.

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