Gold climbed above $4,040 an ounce, and silver broke through $52. A weaker dollar and lower Treasury yields after the U.S. midterm elections helped lift both metals.
Silver rose faster, which is typical. At the end of October, its 30-day volatility was nearly twice gold’s. When both metals move in the same direction, silver tends to move more sharply. Gold & Silver Volatility Tracker
The real test comes if the dollar or Treasury yields rebound. If silver stays above $52 and an ounce of gold still buys roughly 78 ounces of silver, that would suggest silver is holding its ground after the initial post-election boost fades. Gold–Silver Ratio
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