Research: Select Sector Performance and Gold-Silver Divergence May 13, 2020 Select Sector Performance and Gold-Silver Divergence By Erik Norland, Senior Economist, CME Group Equities: Will Early Trends in Select Sectors Last? S&P 500 returns fell 8.3% Jan.-April but some sectors performed well. Technology, health care, consumer discretionary stock prices held steady. Energy tumbled 34% Jan.-April, industrial and financial stocks fell sharply. Sectors that did well Jan.-April were also outperformers in the 2010s. Read article Gold Outshines Silver as Economics Widen Price Ratio Gold-silver price ratio widened 31% Jan.-April this year. Divergence is in line with trend that began in April 2011. Silver has not fully replaced demand lost from photography. Gold benefited from interest rates falling to near zero percent. Read article SEE MORE ANNOUNCEMENTS