Copper and Silver Have Taken Very Different Paths. Where Prices Might Be Headed Next Year.

 Copper and Silver Have Taken Very Different Paths. Where Prices Might Be Headed Next Year.

  • Order Reprints

  • Print Article

Copper shavings for melting in a foundry. Copper prices are on track for three consecutive years of gains.


Oliver Bunic/Bloomberg

Copper and silver have taken different paths this year, with global economic growth and tight supplies contributing to a third-straight year of gains for copper. But silver has failed to gain traction and is on track to suffer its biggest yearly loss since 2014.

“Generally, when copper outperforms silver, it means expectations are very optimistic for the global economy,” says Decio Nascimento, chief investment officer at global macro hedge fund Norbury Partners. At the same time, “expectations of higher global growth, inflation,…


Related post