Silver's Supply Answers to Copper and Gold, Not to Silver

The silver price outlook hinges on gold, and silver has dropped far harder from its January peak than gold, moving as gold's high-beta shadow. Rhona O'Connell, StoneX Head of Market Analysis for EMEA and Asia, explains why silver overshoots gold in both directions and what the gold silver ratio signals now. Silver is roughly two to two and a half times as volatile as gold, so it magnifies every move. This year silver ETF outflows have reversed last year's heavy inflows, photovoltaic silver demand is softening as solar panels sit oversupplied and copper competes, and India's silver demand rests until wedding season. The window for a turn points to late November into early December. Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_rhona_o_connell&utm_content=share(opens in new window) Like and subscribe for more financial market insights. 0:00 Silver Plays Gold's Cinderella 1:12 Silver Swings Harder Than Gold 1:39 ETF Demand Flips to Outflows 2:17 COMEX Stocks Spiked, Then Fell 2:51 Solar Fades, Supply Rolls On 4:24 India Holds the Late-Year Key #Silver #Gold #PreciousMetals #StoneX #RhonaOConnell