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CME: CME Group Economist Perspective: Gold-Silver Price Gap Narrows

Watch CME Group Senior Economist, Erik Norland as he explains how silver outperformed gold to narrow their extreme price gap in the summer of 2020, amid the Fed’s massive quantitative easing.

Video highlights:

  • Silver surged 157% and gold rose 42% March-July amid Fed QE.
  • Both markets peaked as the Fed slowed quantitative easing.
  • Silver’s outperformance tied to extreme price gap with gold.
  • Gold was worth four times as much as silver in March versus 2011.

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