Gold and Silver Diverge as Central Bank Buying Supports Precious Metals
Gold futures held above $4,400 on Thursday while silver ETFs surged 2.27%, showing a rare divergence between the two precious metals. The split in performance reflects different drivers. Gold is drawing structural support from central bank buying, while silver is benefiting from improving industrial demand expectations as global manufacturing PMIs show tentative signs of recovery.
Key Takeaways Gold futures slipped 0.46% to $4,433.10, holding above the key $4,400 support level on sustained central bank demand. Silver ETFs jumped 2.27% to $67.14, outperforming gold on stronger industrial demand outlook and higher volume. CFTC positioning data shows managed money net long positions in gold clim…
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