September 3, 2019 – Silver prices surged nearly $1/oz higher in last week’s trading, once again outperforming gold. The gold/silver ratio based on Friday’s closing prices is 82.6, down more than 10 points from highs seen just a few weeks ago.

Both metals have gained nearly 19% for the year. Those gains eclipse the performance of the S&P 500, which closed 16.6% higher YTD on Friday.

Trade concerns continue to drive the markets.

Stocks rallied last week but may have trouble holding onto those gains as hopes for a speedy resolution dimmed again over the weekend. U.S. tariffs ratcheted higher on Sept. 1st.

A last-minute request from the Chinese to delay additional tariffs imposed on Sept. 1st was rejected, and officials have yet to agree on whether to meet on trade in September.



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