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Silver, Platinum Missed Much of the Commodities Rally. Prices May Catch Up in 2020.


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Year to date, silver futures are up about 10%, underperforming the gain of more than 15% for gold.

Photograph by Munshi Ahmed/Bloomberg

Silver, platinum, and other industrial metals, laggards among commodities in 2019, could take the spotlight in the years ahead.

The S&P GSCI Industrial Metals Total Return Index has seen a modest rise of about 2% this year as of mid-December, compared with a gain of nearly 17% for the S&P GSCI Total Return Index, which tracks 24 commodities. Zinc, typically used as a coating for iron and steel and as an alloying metal for bronze and brass, actually fell.

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