Gifting gold coins and jewelry are a staple of the lunar new year holiday, symbolizing wealth and good fortune. As demand rises, investors have pushed the price of the precious metal higher too.
But silver has been the stand-out performer. Over the last 10 years, it has traded positive every week during the holiday, except for once in 2013. On average, it has returned 2.6 percent — nearly 9-fold the S&P 500’s average return in the same period.
With the Chinese markets—and many businesses—closed for the entire week, Chinese companies listed in the United States don’t have a lot of direction. So ADRs tend to fall during the holiday, underperforming the broader markets.