KITCO NEWS - As gold was looking to gain some lost ground post the release of the Federal Open Market Committee minutes, some analysts are placing their bets elsewhere.

Silver has been outperforming gold in October thus far. The gold/silver ratio has fallen from just shy of 77 at the beginning of the month to a good 75 at present.

So far this month, silver futures are up 3.35% compared to gold at 0.8%.

"Silver looks really good. And it will continue to outperform gold," said market watcher Todd Horwitz, founder ofbubbatrading.com. "I think near-term, we will see $18.50-$19 silver. The bear market for the metals is over and as equities will sell-off, that money has to go somewhere. We will see higher prices for silver and gold."

 

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This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.