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Gold/Silver Ratio Hits 25-Year High; Silver Underperforms

From kitco.com

The gold/silver ratio has risen to its highest level in roughly a quarter century, with silver suffering from both weakness in precious metals lately but also dragged down by pessimism about base metals. “The silver price has been very weak in recent days – in both absolute and relative terms....The gold/silver ratio has risen to 86, its highest level in 25 years,” said a research note from analysts at Commerzbank. The ratio measures how many ounces of silver it takes to buy an ounce of gold. When the number is rising, this reflects silver is underperforming relative to gold. Based on the Comex December futures ... (full story)

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  • Category: Fundamental Analysis