Possible that a potential decline in gold prices this year could help the ratio but not silver spot price itself? Saw @haejin’s bearish post on gold, albeit its technical only and he’s not a gold expert.
Possible that a potential decline in gold prices this year could help the ratio but not silver spot price itself? Saw @haejin’s bearish post on gold, albeit its technical only and he’s not a gold expert.
It's unusual, but not impossible for a fall in gold to result in a fall in the ratio. What usually occurs is that gold rises but silver rises faster. Given that the ratio is pushing 80+ I think it's setting up for a big rally in both metals. That's certainly a historical precedent over the last few decades. I'll post something tomorrow on the ratio.
Looking forward to the post tomorrow