Is This High Gold-Silver Ratio Sustainable?

From Allen Sykora: The rise in the gold-silver ratio is unsustainable and will correct, says Richard Baker, editor of the Eureka Miner’s Report. This ratio measures how many ounces of silver it takes to buy an ounce of gold. A rising number means underperformance by silver, and vice-versa. Baker points out that the silver has hit levels not seen since November 2008 during the financial crisis. The ratio was 86.6 Thursday, well above its 10-year average of 66.2. “This suggests silver is very, very cheap relative to the yellow metal, at…

Why silver could outperform gold in 2019

The precious metal rose sharply in the early part of 2019, climbing to a high of $16.22 an ounce on Feb. 20, its highest level since June. Since then, however, gold has come under pressure, pulling down silver with it. As of 10:31 a.m. EST, spot silver was trading at $15.04 an ounce, down 6 cents for the day. Prior to the recent pullback, improved sentiment toward silver was reflected in Comex positioning, Metals Focus said in a report released late Tuesday. Money managers had swung to a net-long, or…