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Mineweb reported that analysts see the gold to silver ratio dropping once more.
Mineweb reported that analysts see the gold to silver ratio dropping once more.
As quoted in the market news:
The gold to silver ratio measures the relative value of the two precious metals. The higher the ratio, the more expensive gold is relative to silver. On the other hand, the lower the ratio, the more expensive silver is relative to gold. Analysts say the ratio, which was at 80 a year ago, had come down below half of this level with some experts suggesting it could come down further, implying one may be better off buying silver than gold.
Angel Commodities research analyst Reena Walia said:
“On a year-to-date basis, gold prices in the international markets have given returns to the tune of more than 16% while silver has slipped more than 3% during the same period. The white metal had delivered phenomenal performance in the January to May period this year, as it had jumped a whopping 22%.”
