Oil Spiked 7% Yesterday. Silver Sold Off. Today Physical Buyers Are Doing Something Different.

Silver recovered on Friday, July 24, 2026, after falling roughly 3% the prior session when Brent crude surged 7% above $100. Brent retreated below $100 on Friday as physical buyers stepped back in ahead of the July FOMC meeting. Here is the mechanism — and what the paper-vs-physical divergence tells you about where silver goes next.

Gold Silver Ratio at 64: What It Signals for Silver in 2026

The gold/silver ratio fell from 85:1 to 64:1 in five weeks. History shows that at this level, compression is typically just beginning — not ending. Here’s what three major bull cycles say about where silver stands today.

Silver Up 3%. Gold Up 1.3%. The Ratio Tells You Everything.

Silver climbed nearly three times as much as gold on Monday. The gold/silver ratio compressed to 58.7:1 — below the modern average — because silver is catching two bids at once. Here’s the mechanism.