Dans une note publiée lundi, Goldman Sachs has indicated that gold will continue to outperform silver. He points out that the strong demand of central banks for the yellow metal as a factor that has structurally raised the gold-silver price ratio

Spot gold has already gained nearly 26% since the start of the year, reaching an all-time high of $3,500 per ounce, driven by geopolitical uncertainty, strong demand from central banks and increased flows to funds listed indexes (ETFs) backed by gold. The silver price is currently trading at $32.4 per ounce. According to the bank, “with Chinese solar production slowing due to oversupply, a high risk of recession, and gold purchases by central banks expected to remain supported in 2025, we expect gold to continue to eclipse silver