Thursday, June 14, 2018

As gold price regains $1300 and silver pushes backed over $17 per ounce, the gold to silver ratio drops below 76

One of the more interesting things that has been occurring over the past month as the gold price remained stuck in a tight range was the fact that silver has been slowly moving higher.  And with the Federal Reserve deciding on June 13 to hike interest rates following their FOMC meeting, the white metal has bowled through the $17 handle to reach a high not seen in nearly five months.

Additionally with silver moving up much faster than gold at the moment, the gold to silver ratio has fallen from its high of nearly 82:1 earlier this year to below 76:1.

There have been many analysts in recent days who have forecast silver to do much better in the short run, with gold then following suit later in the year.


Post a Comment