They do like to trade together! Gold and silver often have a positive correlation, meaning that when the price of one goes up, the price of the other also tends to rise. This is because they are both considered safe-haven assets and are often bought as a hedge against inflation and economic uncertainty. Additionally, they are both used in jewelry and industrial applications, so demand for one can affect the demand for the other. However, the correlation between the two metals is not always perfect and their prices can sometimes diverge.
They do like to trade together! Gold and silver often have a positive correlation, meaning that when the price of one goes up, the price of the other also tends to rise. This is because they are both considered safe-haven assets and are often bought as a hedge against inflation and economic uncertainty. Additionally, they are both used in jewelry and industrial applications, so demand for one can affect the demand for the other. However, the correlation between the two metals is not always perfect and their prices can sometimes diverge.