Why silver may have already peaked for the year

Silver prices were outpacing gold’s year-to-date performance, but that changed this week — and prices could be headed lower in the next couple of months.

Year to date, as of Wednesday’s settlements, futures prices for silver SIN7, -0.66% were up roughly 9.1%, compared with a larger 9.8% rise for gold GCM7, +0.28% according to FactSet data based on the most-active futures contracts. On Monday, silver was up about 10.9% for the year, while gold had climbed by 9.6%.

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