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home / news releases / TYO - Silver Soars And Posts Big Gains Vs. Gold


TYO - Silver Soars And Posts Big Gains Vs. Gold

Silver is finally gaining on gold, reversing nearly all of its richer cousin's gains since silver's coronavirus collapse. It took 125 ounces of silver to buy one ounce of gold barely a month ago. This drove the gold/silver ratio far above its previous all-time highs. It now takes 97.38 ounces of silver to buy one ounce of gold. This is a sharp downward reversal of 22%, over half of which has occurred in the last three days. This volatile price action has all the characteristics of a classic "blow-off."

Data Source: Futuresource

Blow-offs in the

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Stock Information

Company Name: Direxion Daily 10-Yr Treasury Bear 3x Shrs
Stock Symbol: TYO
Market: NYSE

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