The performance of the gold silver ratio is presented in the chart since 1996. Analogy- Over the last two decade this is the fourth time the ratio has reached such levels. The ratio is currently trading at 73 falling fro…
The performance of the gold silver ratio is presented in the chart since 1996.
Analogy-
Over the last two decade this is the fourth time the ratio has reached such levels. The ratio is currently trading at 73 falling from just below 80.
If history is of any guide we can expect silver to glitter more compared to Gold in the coming quarters.
Usually when the ratio falls, the precious commodities do well. We could also expect better days ahead of the pact.
So far in an environment of low inflation and fall in volatility, gold has lost its shine. It is expected that it might see better days ahead.
Gold seems to be strong over the medium term currently the bulls are fighting the bears at a rising support level of 1190-1200. Gold is still off its lows of sub 1150.
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