The gold/silver ratio measures how many ounces of silver it takes to buy one ounce of gold. When it falls, silver is outperforming. Right now it’s falling fast — from 62.05 a week ago to 54.94 today — after silver surged 7.1% to $86.10 on a US-China tariff truce. That kind of compression in under a week is rare. It tends to happen when a catalyst hits a metal that was already primed to move. Silver was primed: according to the Silver Institute, it has run a supply deficit for six consecutive years. The gold silver ratio doesn’t tell you whether to buy. It tells you relative value. A ratio of 55 means one ounce of ... (full story)