Extraordinary Extreme: Gold/Silver Ratio of 84.4 Is Highest Since 2008

Sharing is Caring!

by Jeff Clark, Senior Precious Metals Analyst, GoldSilver

Mainstream news site Bloomberg points out today that due to silver’s YTD decline being twice as big as gold’s, the gold-silver ratio (GSR) has spiked to a level not seen in almost 10 years. The last time the current reading of 84.4 was seen was in October 2008:

As most precious metals investors know, instead of a sign of bad news, a high GSR can signal a tremendous buying opportunity. Even Bloomberg points out that silver is at its “cheapest level compared to gold” in a decade.
READ  China's PPI will print at the highest level since Lehman collapsed in September 2008
READ  $SPX vs regression to trend. Highest extension by far exceeding the years 2000 and 1929, now at 169%.
996 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.