Singapore (6 September 2020) – Silver outshines gold and equities year-to-date as indicated by Halal Universe Global Shariah Investments Weekly Roundup. The white metal closed New York Friday (4 September) at USD 26.935/oz, clocking a gain of 49.5% YTD; compared to gold which was up 24.64% YTD and DJIM Ex-Japan Equities at 21.25% YTD.
The gold-silver ratio is trading at almost 72 times.
As at Friday, 4 September, 2020
Legend:
- (1) DJIM World – Dow Jones Islamic Market World Index measures the performance of 2,747 Shariah-compliant stocks traded globally.
- (2) DJIM Asia/Pac– Dow Jones Asia Pacific Islamic Index has 1,707 constituents. Its top 10 holdings include Alibaba Group Holding Ltd.
- (3) DJIM Asia/Pac Ex-Japan has 1414 constituents.
- (5) DJIM Europe has 277 constituents.
- (6) DJ GCC has 104 constituents.
- (7) & (8) Derived from gold and silver price charts from kitco.com
-/- www.halaluniverse.net
