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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.