THE GOLD PRIMER: GOLD IS INSURANCE. SILVER IS A WAGER. MOST TRADERS NEVER LEARN THE DIFFERENCE.
A primer on how the two metals actually trade — and why confusing them costs money
On Friday, August 7, gold rose fifteen dollars. Silver rose two dollars fifty-six cents. On a percentage basis silver moved more than ten times as hard.
Same jobs report, same dollar, same Fed-cut repricing — and the two metals that sit next to each other in every precious-metals fund reacted like they belonged to different asset classes.
They do.
That si…
