Silver's Catch-Up Cycle: Where the Real Leverage Lives
For most of the past two years, gold set the tone for precious metals and silver followed. That sequence is a familiar one, and it usually ends the same way, with silver closing the gap. The tool investors use to measure that gap is the gold-silver ratio, the number of silver ounces required to buy a single ounce of gold, and it has begun to move in silver's favor.As of early June, gold traded near $4,500 an ounce and silver near $77, placing the ratio close to 59. That sits near the modern era's long-run average and well below the readings above 90 that prevailed during periods of market ...