Precious Metals Shine in March with Silver and Gold Posting Impressive Gains

Silver prices have seen significant gains this month, rallying more than $3, its best monthly performance since December 2020, and outperforming gold as the gold-silver ratio has fallen to a two-month low. The shift in risk sentiment, coupled with a weak U.S. dollar and growing expectations that the Federal Reserve will cut interest rates in the second half of the year, is propelling silver prices higher. Silver is benefiting as a safe-haven and risk-on asset, and is also benefiting as a monetary metal as cooler-than-expected inflation data is adding to expectations that the Federal Reserve has finished raising interest rates.