Morgan Stanley sees Silver to outperform Gold in sustained risk
Commodity Online
12 November 2012
Morgan Stanley maintains their long-held view that a sustaining risk-on sentiment will lead to silver outperforming gold. The firm notes silver has outperformed all precious and base metals when re-based from 1 January 2010
NEW YORK (Commodity Online): A leading global financial services firm Morgan Stanley looks for silver to fare better than gold whenever risk sentiment improves on a sustained basis.
According to Morgan Stanley, the precious metals outperformed most other assets classes last week, especially after United States elections as the so-called fiscal cliff became the top concern of financial markets.
“The momentum in gold lifted silver and the PGMs, with platinum also seeing support by ongoing South African supply disruption,” they added.
“We maintain our long-held view that a sustaining risk-on sentiment will lead to silver outperforming gold. We note silver has outperformed all precious and base metals when re-based from 1 January 2010,” Morgan Stanley concluded.
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