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Silver: The unsung hero of the energy revolution
Ahead of the Herd thinks that the Gold/Silver Ratio, currently at 100.5 (meaning it takes 100 ozs of silver to buy one oz of gold, the ratio has averaged 60:1 since early 1970’s), shows silver may be undervalued compared to gold, indicating a potential for upward price movement.
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Or maybe it’s just that gold’s overvalued compared to silver.
#SilverElectricficationMetal
Though many years back the price ratio of Gold to silver was + 60, it is hard to see that ratio again. Both metals have different drivers. Gold by far responds to luxury demand and monetary risk, whereas, silver demand is led mainly by industrial demand. Now they look uncorrelated.
This morning copper was down 0.06, gold down 57.00 but silver was up 0.03, you are right but if it’s disconnected from gold you think it’d be connected to copper.
Rick
Being a long time follower of metals I can remember that it was posted that the earth’s crust is composed of silver and gold at the rate of 16-1 Now the lowest figure I can get is 60-1 Can it be that so much silver has been removed from the crust that this new figure is the correct number ?
Hi Bob
The 16:1 number is correct for ratio in earth’s crust, and was as a matter of fact THE gold/silver ratio for a long time, when we had a gold standard. Now the 60:1 ratio is most often used, it goes back to the 1970’s.
Rick