UNITED STATES December 07 2016 10:07 AM
LONDON (Scrap Register): Platinum and silver have been among the better-performing precious metals lately, with the gold-silver ratio falling to its lowest level in more than three weeks, said Commerzbank and TD Securities.
Comex gold futures have fallen over the last week, while platinum and silver have managed gains.
TDS reports that platinum and silver were lifted as industrial demand expectations kept the metals elevated on top of the somewhat lackluster U.S. jobs report.
According to Commerzbank, the gold/silver ratio has dropped just below 70 again for the first time in 3½ weeks. This ratio measures how many ounces of silver it takes to buy an ounce of gold, and a smaller number reflects outperformance by silver.
Comex March silver topped $17 an ounce on Monday for the first time since November 17. Nymex January platinum has hit a three-week high of $953 per ounce early Tuesday.