Silver Surges 2.6%, Copper Hits a 52-Week High, Oil Craters 5%
Silver posted its biggest single-day gain in weeks on August 5, rising 2.6% to roughly $59/oz while gold added a more modest 0.66% to approximately $4,161/oz. The gold/silver ratio fell below 69 for the first time since early summer, and that compression is the signal worth tracking: when silver runs faster than gold, the market is telling you that industrial demand is reinforcing the safe-haven bid, not just riding it. Key Takeaways Silver surged 2.6% to approximately $59/oz on August 5, compressing the gold/silver ratio below 69 from above 75 in early July, per spot market data. Gold spot prices reached approximately $4,161/oz (GLD ETF at $374.16), supported by World Gold Council data show…
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