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Alasdair Macleod: Silver is leading the way
By Alasdair Macleod
GoldMoney, Toronto
Friday, July 11, 2025
For the first time in recent trading sessions, overnight demand from Asia drove gold and silver higher this morning. It should be a wake-up call for western bullion markets.
Gold was almost unchanged over the week, but silver gained in subdued post-July 4 holiday trade. This morning in Europe, gold was $3335, down $2 on balance from last Friday's close. Silver at a new high for the year at $37.45 was up 70 cents on the same timescale.
Both contracts continue to trade differently, with general indifference in gold reflected in low open interest on Comex while the price remains close to all-time highs. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/silver-is-leading-the-way
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