A drop in silver prices to 32-month lows has caused a sellout of Silver Eagle coins at U.S. Mint
A key development over recent sessions has been the move on the gold/silver ratio to record levels. Normally it would be a case where above 80 is considered stretched on a long-term basis. The ratio is currently around 85 and is the highest since 1995. This would suggest that gold is likely to underperform silver in the weeks/months ahead.
Elsewhere, December copper (HGZ8) eased 0.7% to $2.6255 a pound, after notching a rise of roughly 0.9% for last week. October platinum (PLV8) shed 0.6% to $798 an ounce, after a weekly gain to 2.3%. December palladium (PAZ8) changed hands at $971.90 an ounce, up 0.1% after a narrow advance last week.