Precious metals | The money’s turn to shine

“The gold of the poor”, as silver in the world of precious metals is nicknamed, finally came out of its torpor.

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The Once Troy crossed the US $ 39 bar ($ 53 CAN) as cash prices on July 21.

After years to damn the precious metals | money’s turn new holders of silver parts. Nevertheless, ingots, the price of precious metal has finally resumed vigor recently. Furthermore. For example, It has increased by 35 % since 1^is January, better than gold, whose precious metals | money’s turn new value has grown by 30 % during the same period. Therefore, The assessment of the first price has been particularly notable precious metals | money’s turn since April.

Unlike gold. Furthermore. Meanwhile. Furthermore, the silver is far from having beaten its historic 45 -year -old historic summit at nearly US $ 50 per ounce on January 18, 1980. Nevertheless, The Prime Minister of Canada was then called Joe Clark. Similarly, Jacqueline Gareau was going to win the Boston marathon in April.

Ratio or-argent – Precious metals | money&#039. Moreover, s turn – Precious metals | money's turn new

Unlike yellow metal, silver has significant industrial utility. In addition, About 60 % of global demand is powered by industry, for solar panels for example, and photography.

Historically, precious metals | money’s turn new money is considered a currency, just like gold. The popularity of the latter is very much based on the purchases of ingots precious metals | money’s turn. by central banks as reserve. currency in place of American obligations. However, central banks do not buy money except perhaps Russia.

Consequence: money is delayed in assessing its value compared to gold.

One way to illustrate it is to follow the Or-Argent ratio. which measures the amount of silver ounces that can be bought with precious metals | money’s turn new an ounce of gold. From 1972. the year of the abandonment of the convertibility of the American dollar into gold. in 2020. the historic average of the Or-Argent ratio amounted to 65, calculated the CPM group, a reference in the precious metal industry.

With gold above US $ 3. 200. the ratio precious metals | money’s turn rose above 100 a few weeks ago. which is considered a powerful purchase signal, supports the EB Tucker investor in his book Why Gold ? Why Now ?. With the rise of money in recent weeks, the Or-Argent ratio goes down quickly. It was established at 87 on July 21, which remains above its historical average.

If the ratio returns to its average of 65. the gold remains at its current price, the money is good likely to exceed the course of US $ 50.

When we look at the relationship between the availability of the two metals, the historical ratio varied between 12 and 15. Today it is rather 7. which means that it is extracted from mines 7 times more silver precious metals | money’s turn new than gold each year, around 819.7 million ounces of silver in 2024 compared to 117.7 million ounces of gold.

precious metals | money’s turn

“In general. when gold experiences a sustainable price increase. the money follows. but with a gap in time,” explains François Riverin, retired journalist and co -author of the book Invest in gold.

Precious metals | money's turn new

Precious metals | money's turn new precious metals | money’s turn new – Precious metals | money's turn new

Precious metals | money&#039. s turn – Precious metals | money&#039. s turn

On a momentum

In addition to the catch -up effect, how can we explain this renewed popularity of money?

We come back to the imbalance between supply. demand for money, says Hugo Bonenfant, portfolio manager with Desjardins securities, Bonenfant Bougie team. He is one of the few managers to advise his customers to invest part of their assets in precious metals.

“The data is rare. but since Russia revealed a precious metals | money’s turn new plan at the end of last year to add money for the first time to its fund of state reserves, the increase in the price of money surpassed that of the price of gold,” said Australian journalist Tim Tim Tim Timgold on the site of Forbes July 15.

According to Benoit La Salle, CEO of the Aya gold and silver mining, it is the retail investors of precious metals | money’s turn India and Asia who contributed to the recent uptop. “They buy parts, ingots, silver jewelry, more precious metals | money’s turn new affordable than gold,” he said in a telephone interview. The Quebec company operates an argentiferous mine in Morocco.

India. in fact. bought record levels of physical money. silver FNB in the first half of 2025, reports the SPROTT investment firm in its mid-year report devoted to money.

During the same period, physical silver FNB recorded net entries totaling 95 million ounces, bringing the total global assets to 1.13 billion ounces – only 7 % below the record level of 1.21 billion ounces reached in February 2021, according to data compiled by The Silver Institute.

The precious metals | money’s turn new Hall expects the price of money to continue. its momentum to reach a range between 60. 80 US within two years.