- Gold prices are well supported while silver's time to shine is probably later in the cycle said Florian Grummes, Managing Director of Midas Touch Consulting.Earlier this month gold prices jumped 1% following weaker-than-expected inflation numbers. The U.S. Labor Department said its much-anticipated Consumer Price Index rose 0.4% last month after a 0.4% rise in September. Economists were looking for an increase of 0.6%.
"Silver always comes later in a precious metals bull market, so the really nice time for silver usually comes in the last quarter of a bull market, so I assume it will take a little bit more time until you see a rally," said Grummes. By Michael McCrae For Kitco News