But silver has comfortably outperformed gold, with prices rising 29.2 per cent this year to a high of $14.60 a troy ounce on Monday, while gold's peak at $1,005.40 was a gain of 14.5 per cent.
This is in spite of the fact that the fundamentals of the silver market point to lower prices, rather than higher ones.
“Silver's price rise this year is not being driven by fundamentals, which are weakening,” says Suki Cooper of Barclays Capital.
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