2024-02-16 02:02:00 ET
Summary
- The gold/silver ratio refers to how many ounces of silver would buy a single ounce of gold, and at one point, the number was fixed by law.
- Without a legally imposed gold/silver ratio or dollar peg, the number is now free to fluctuate and can be a valuable tool when considering if it’s a good time to buy.
- The long-term fundamentals are as solid as ever, while the high gold/silver ratio is a bullish sign for silver on a shorter time scale especially when the Fed finally decides to cut rates later in the year.
By SchiffGold
The silver price has dipped since December, from almost $26 per ounce to around $22 today. We reported on silver being a relative bargain at the time, and with lower spot prices and an even higher gold/silver ratio today, gold's monetary sibling is looking like an even more attractive buy than it was late last year....
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For further details see:
The Gold/Silver Ratio Says Silver Is Still Cheap