Silver has been outperforming gold in October thus far. The gold/silver ratio has fallen from just shy of 77 at the beginning of the month to a good 75 at present.
So far this month, silver futures are up 3.35% compared to gold at 0.8%.
"Silver looks really good. And it will continue to outperform gold," said market watcher Todd Horwitz, founder ofbubbatrading.com. "I think near-term, we will see $18.50-$19 silver. The bear market for the metals is over and as equities will sell-off, that money has to go somewhere. We will see higher prices for silver and gold."
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