The gold-silver ratio is about to fall below its lowest point in nearly five years, and spot silver is rising far more than gold.
AI Summary1 min read
TL;DR
The gold-silver ratio is nearing a five-year low as silver prices surge significantly more than gold, with spot silver up 139% YTD compared to gold's 68%.
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gold-silver ratiospot silvergold pricescommodity marketsyear-to-date gains
According to ChainCatcher , the gold/silver ratio is about to fall below its lowest point in nearly five years, currently trading at 60.027.
Despite gold prices hitting record highs recently, silver prices have also reached new highs, with even larger gains. Today, spot gold broke through $4,400 per ounce for the first time, accumulating a nearly 68% increase year-to-date, while spot silver broke through $69 per ounce for the first time, accumulating a nearly 139% increase year-to-date.