Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
According to the World Gold Council’s latest monthly report, gold reached a record $3,115/oz in March 2025, posting a 9.9% monthly gain despite dollar weakness. This rally was driven by euro strength, tariff-related geopolitical concerns, and strong ETF buying, with US funds leading at $6 billion (67 tons) in net inflows.
The WGC report warns about declining market liquidity, similar to 2022 when quantitative tightening caused simultaneous bond and equity declines. However, today’s environment differs significantly with its combination of sticky inflation and slow growth (stagflation), continued central bank gold purchases, and renewed US ETF investor participation.
Unlike traditional commodities, gold’s price may continue rising as investors hold positions amid policy uncertainty. The World Gold Council notes that the current rally is modest by historical standards, with fundamentals appearing stronger than during previous peaks in 2011 and 2020, suggesting continued favorable conditions for gold despite potential challenges.
