GLDI - Gold-Silver Ratio Could Indicate The Early Stages Of A Silver Breakout
2024-07-09 05:30:00 ET
Summary
- The gold-silver ratio indicates how many ounces of silver it takes to buy one ounce of gold given the spot price of both metals.
- The ratio remains historically high, meaning that silver is underpriced compared to gold, but there is some indication the trend is in the early stages of reversing.
- Given both the supply and demand fundamentals and the technical breakdown in the gold-silver ratio, this may be an outstanding time to buy silver in the early stages of a bull run.
By Mike Maharrey
Two months ago, the gold-silver ratio broke an important support level, indicating the white metal could be in the early stages of closing its gap with gold....
Gold-Silver Ratio Could Indicate The Early Stages Of A Silver Breakout