Precious Metals Hold Steady Despite Rising Yields - Silver Seen as Undervalued Compared to Gold

Gold prices remained resilient near $2,000/oz despite rising Treasury yields and rate hike expectations.

Silver coin sales jumped in Q3 but silver ETFs saw outflows, signaling silver is undervalued vs gold.

The gold/silver ratio sits around 84.5, well above the long-term average of 66.25.

Both gold and silver rallied late last week and are holding at elevated levels.

Analysts say gold may find support near previous trendline, while silver remains oversold.