IAUM - Silver's Golden Outlook

2024-02-14 04:23:00 ET

Summary

• Gold traded in a tight range in the first month of 2024, reaching a low of $2,006 per ounce on January 17 as the market reassessed the odds of a U.S. Federal Reserve cut in March.
• A lack of investor interest hasn’t been reserved for gold only. Silver, gold’s less expensive cousin, has been hit even harder, underperforming gold over the last several years.
• Silver, already undervalued relative to gold, could benefit not just from a bounce back to reflect multiples more in line with the historical average, but also from the additional and growing boost from solar.

Fed uncertainty leaves gold range-bound in January; industrial uses for silver may add luster to the metal’s outlook. ...

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