What is the Gold-Silver Ratio Saying About the Silver Price?

iNVEZZ.com published an article that posits that silver, which “has been crushed since 2011,” is now “deeply oversold and ready to rally.” The news outlet looks in particular at the gold-silver ratio, which it says is near a multi-year low.
The article begins by stating:

The gold-silver ratio is the valuation of the two precious metals in relation to each other, and can provide an indication of the maturity of a bull or bear cycle in these markets. Market tops for gold and silver are typically accompanied by low gold-silver ratios [silver outpacing gold to the upside], and market bottoms are typically accompanied by high gold-silver ratios [silver outpacing to the downside].
To put it more simply, the ratio is high when silver is low and as silver goes higher, the ratio drops.

It then offers the following analysis:

• The charts suggest the ratios [gold/silver & silver/gold] and silver prices are near multi year lows.
• The trend line resistance on the charts, as drawn, look like they are about to be broken soon or in the very near term, indicating a new upward trend in silver.
• Silver prices have been crushed since 2011, despite rising demand and increasing supply problems. The price is deeply oversold and more than ready to rally.
• Like all Precious Metals, Silver has been vilified, painted with negative pessimism by the majority of media and the financial world, which puts it an excellent place to begin a multi-year rally.

Click here to read the full iNVEZZ.com report.