Silver's 43% Projection Challenges Gold's 24% Upside as Crude Cools

Silver has outpaced gold with a 15.5% monthly rally versus gold's 6% gain amid easing Brent crude. Latest technicals highlight silver's inverse head-and-shoulders breakout above $80–$83, projecting 43% to $115 (stretch $133), dwarfing gold's 24% target to $5,934 above $4,848. Options flows reinforce silver bullishness (SLV PCR 0.49, IV 54.26% at 69th percentile) over gold's mild shift (GLD ratio 0.87). Central banks' 38,666 tonnes of gold holdings offer a firm floor. Silver's drop below $75 could reverse momentum toward gold.