New Delhi, Jan. 23 -- The sharp 200% surge in silver prices over the past 12 months has not only outpaced gold's 80% return but has also compressed the gold-silver ratio. This has led domestic brokerage Motilal Oswal Financial Services (MOSFL) to suggest that gold is better positioned for the next leg of the upmove in the precious metals space.

Stressing its positive stance on precious metals, MOSL analyst Navneet Damani stressed that the gold-silver divergence signals the need for rebalancing of weightage in investor portfolios.

Gold and silver prices traded at record high levels in the domestic futures market today, January 23. MCX gold rates jumped 1.8% to top Rs.159,000 per 10 grams. Meanwhile, MCX silver futures rallied almost 4% t...