Extraordinary Extreme: Gold/Silver Ratio of 84.4 Is Highest Since 2008
Jeff Clark, Senior Precious Metals Analyst, GoldSilver SEP 5, 2018
Mainstream news site Bloomberg points out today that due to silver's YTD decline being twice as big as gold's, the gold-silver ratio (GSR) has spiked to a level not seen in almost 10 years. The last time the current reading of 84.4 was seen was in October 2008:
As most precious metals investors know, instead of a sign of bad news, a high GSR can signal a tremendous buying opportunity. Even Bloomberg points out that silver is at its "cheapest level compared to gold" in a decade.