Gold vs silver vs copper vs platinum: Last Samvat saw significant volatility in the precious metals segment, with precious metals emerging as key outperformers in the commodities market.
Gold, silver and platinum prices are likely to remain sensitive to geopolitical developments, US dollar movement, and interest rate expectations. Base metal copper is likely to be supported by structural demand growth and constraint supply.
As Samvat 2083 begins, let’s understand the outlook for gold, silver, platinum, and copper and understand which metal could outperform this time.
Out of the four metals, silver has the strongest outlook for Samvat 2083, because of its steep correction over the past few months. “Silver has the most room to run because it has fallen the furthest. At about $53/oz it is roughly 56% below its January peak of $121.67.
Gold is about 26% off its high, and copper less than 10%. The gold/silver ratio has moved from about 50 in January to about 77, which suggests silver has already priced in much of the bad news,” explained Gaurav Garg, Head - Research, Lemonn.