Bullish fundamental drivers of the rallies in the precious metals recently remain in place and include a continued rise in Covid-19 infections in major industrialized countries and new shutdowns, a pending U.S. government stimulus package totaling $1 trillion, a depreciating U.S. dollar index that hit a nearly two-year low this week, rising U.S.-China political tensions, and a surge in buying of gold and silver backed exchange traded funds. The difference between gold and silver markets is that silver is not anywhere near its record high, while gold this week has scored a record high. This has many traders and investors reckoning silver is well undervalued when compared to gold.– Jim