Gold 
“Silver prices have been rising throughout January and could make another run toward the $35 level in the coming months. The metal has continued to underperform gold despite many of the same positive fundamentals influencing the prices of both metals. The gold:silver price ratio slipped to a monthly average of 89 in January, down from an average of 90.3 in December, but this ratio still is high by historical standards and suggests potential upside for silver.
At the time of writing this report, silver prices were hovering around $33, which has been an important resistance level in the past. Silver continues to battle with stale bull liquidation, which is the selling by investors who had bought the metal in the past and have been selling into the price rally. Such selling has been ongoing for some time now, which helps explain silver’s relative lackluster performance versus gold. The intensity of this selling is expected to slow as the year progresses, clearing the way for silver prices to rise more forcefully.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
