Gold and Silver Trade - silver was the most overextended of all the precious metals

Silver backing off a bit. is that going to keep going on? i suspect so. the silver i think was the most overextended of all the precious metals. we're likely to see it weaken relative to gold and i think that's what's important is the gold/silver ratio is likely to go back up again. everybody taking grandma's old tea set and selling it at the pawnshop. how long can that go on? that's a good point. what helped to kill the rally way back in '79 and '80 was an enormous amount of scrap coming into the market. we haven't detected anything like those levels back then. i do think you're going to see a change in the attitude of industry and consumers about handing in old silver items with the prices almost getting to $50 at one point



Jim Steel, chief commodities analyst, HSBC; Peter Beutel, president and author, Cameron Hanover; and Michael Woolfolk, BNY Mellon offer a roundup of commodities and what's likely to happen over the next few months.