Silver Oversupply to Push Gold-Silver Ratio to 70

Bloomberg reported that the gold-silver ratio is forecasted to shift to 70 by year’s end on an oversupply of silver.

As quoted in the market report:

The silver market is in fabrication surplus, and the only thing that’s keeping it alive is investment demand and there is no meaningful increase in ETFs,” said Dominic Schnider, head of commodities research at UBS’s wealth-management unit in Singapore. “In an environment where gold falls, silver simply just does more, it’s more volatile.

To view the whole Bloomberg report, click here.