Precious metals prices have been on the decline over the last year but still remains at record highs. This has caused many investors to flock to these assets in hopes of making a quick profit. However, there are a few things to consider before investing in precious metals. First, it is important to understand that prices can be volatile and may not always continue to rise but when they do move, they fly high.
As Golds price is a multiple of Silver it tends to plod along in single percentage terms but when it moves Silver catches its coattails and soars past Gold in double digit percentage terms. Platinum Group Metals are Noble metals and are part of the industrial complex and so the fundamentals of price action in PGM’s can differ greatly, but they tend to follow Gold and Silver in terms of price trajectory.