Gold, Silver, Platinum & Palladium tumble
Gold down 4%
Silver down 6%
Platinum down 10%
Palladium down 19%
It makes stark reading as all markets tumble in the wake of the coronavirus pandemic.
However, the question now is where will the money go?
Gold is the standard safe haven depository and with the gold:silver ratio currently at 101:1 (way above the expected 64:1), there is plenty of scope for upward movement for silver too.