Silver underperforms gold as US data takes centre stage
Gold and silver prices have diverged, with silver losing more ground. The gold/silver ratio sits at 68.4, and upcoming US data could determine whether the trend continues or reverses.
Gold Market
Gold and silver prices have diverged, with silver losing more ground. The gold/silver ratio sits at 68.4, and upcoming US data could determine whether the trend continues or reverses.
A study featured in the Silver Institute's Silver News finds the gold-silver ratio remains a relevant technical indicator, with a tendency to revert to a mean of around 60-1. Recent official sector gold demand has pushed it above average, but reversion is still expected.
The gold-silver ratio divides the gold price by the silver price, offering traders a relative-value gauge between the two metals.