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Gold would seem to be more abundant, first with a higher price. Now, the gold basis is showing that it still looks abundant, even at a lower price.
The silver basis also rises around the same time. But it has fallen back to around the same level as before, under 1%.
This may be a good time for a silver trade. Not only are the fundamentals looking better for silver relative to gold, but the gold-silver ratio is over 82.