Why gold and silver prices are rising today: Gold surges 3.5%, silver jumps 5% — short-term bounce or star - The Economic Times

When silver moves 5% while gold does 3.5%, pay attention. That 150 basis point spread tells us the gold-silver ratio is finally starting to compress from its stretched levels. We've been tracking COMEX registered silver inventories dropping while industrial demand stays strong. Gold's move is solid but expected given central bank accumulation patterns. Silver's outperformance suggests we're seeing catch-up mechanics after months of underperformance. The question isn't whether this is sustainable - it's whether you positioned before the move. Physical premiums on silver rounds are already ticking up at my local dealers. This isn't a short-term bounce when both metals move together with silver leading.