Gold's Up $102, And Silver's Up 9 cents?!

April 22, 2025

The gold price is having another big day, at one point up over $110. Yet silver continues to underperform, and is only up 9 cents (and was even in negative territory a little while ago when gold was still up $90).

So to get a better idea of why silver has underperformed, and what might change that, we look at what's driving the divergence in today's show.

Arcadia Economics

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78 percent of the yearly gold supply--is made into jewelry.
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