The silver market has been a study in patience for investors, with its performance trailing behind that of gold, which recently soared to new record highs above the $2,000 per ounce mark. In 2023, while gold futures (GCJ24) climbed by 13.45%, the most active silver futures (SIK24) eked out a mere 0.19% increase - and the disparate price action for the two metals is extending into this year.
Since the start of 2023, the iShares Silver Trust (SLV) has netted a gain of only 1.4%, while the SPDR Gold Shares (GLD) is up nearly 18% for the same period.
