FXStreet reports that economists at TD Securities note that gold outperforms silver in stagflation whereas the yellow metal is set to form an uptrend on a break above $1870 by the end of this year.

“Slowing global growth momentum and portfolio effects from tapering QE should impact silver more than gold.”

“Gold should benefit from rising central bank interest while presenting optionality for an inflation overshoot, as prices need only breach $1870/oz by year-end for an uptrend to form.”