If You Are Bullish on Gold, Buy Silver?

Gold and silver ended the U.S. day session weaker Wednesday on some profit taking from recent gains that pushed both metals to a three-week high overnight.

Author:: Daniela Cambone
Publish date:: Sep 8, 2016 6:50 AM EDT

KITCO NEWS - Gold and silver ended the U.S. day session weaker Wednesday on some profit taking from recent gains that pushed both metals to a three-week high overnight. Gold is up 2% this week and silver 4%; so, with the bullish run for the metals, which one provides the best return? One axiom suggests that if you are bullish gold, buy silver. Todd 'Bubba' Horwitz, host of the Bubba Show and founder of bubbatrading.com, says 'not so fast.' The axiom suggests that silver is more volatile, which is why it overreacts to gold in the short term. However, Horwitz explains that while he is a fan of silver, he's not so quick to abandon the yellow metal. December Comex gold was last down $4.10 an ounce at $1,349.90. December Comex silver was last down $0.288 at $19.85 an ounce.

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