Silver prices book largest daily rise in 3 years as gold ends 2.4% higher

A recent report from Sprott Asset Management contributor Paul Wong, tracking gold and silver trading in July, notes that buying of those precious metals has spread to individual investors. “We are now just starting to see gold buying broaden out to retail, individual investor level. By all historical measures, we should see silver play a phenomenal catch-up trade to gold in the next few months,” he wrote.