Silver price begins to catch up with gold

After climbing 36% in the last month alone, the silver price has hit a seven-year high.

If gold is the “money of kings” then silver is “that of gentlemen”, says Ned Naylor-Leyland of Jupiter Asset Management. The two precious metals are “siblings”.

While the gold rally has grabbed the headlines, silver has gained 36% in the last month alone. It reached $24 an ounce this week and was close to £19/oz in sterling terms, a seven-year high. The pace of recent gains has been frenetic, with silver jumping by 15% last week.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.