The Nuanced Silver and Gold Relationship

            Is silver playing catch up or is it out-performing gold?
            How sustainable is the strength?
            Where do the two metals’ fundamentals factor in?
            How to navigate around the marketing and beliefs

CPM Group was asked to outline issues related to the price relationship between gold and silver in early July, by Silvercorp and New Pacific Metals. That process led to a broader examination of the gold:silver price relationship.

Given the range of issues involved, CPM has divided the resulting Market Commentary into three separate reports, to allow for easier absorption of the information. The three reports will be released over the course of this week.