, Gold and Silver News: Don’t Let Today’s Rally Fool You, Markets Are Still Short

Sunday, September 16, 2018

Don’t Let Today’s Rally Fool You, Markets Are Still Short


The markets in general, are still extremely short on silver and gold, despite today’s rally in gold prices, said Peter Hug, director of global trading at Kitco Metals. 

“It’s not going to take a lot from a catalyst perspective to create a short-covering rally,” Hug told Kitco News. 

On the gold-silver ratio hitting 85, a 25-year high, Hug noted that silver is getting hit from both a general weakness in gold, but also global slowdown in industrial demand.

- Source, Kitco News