Silver look like a snake it will hunt the target hunt is support
As the gold market is expected to consolidate around its recent record highs, investors are finding value in other areas of the precious metals market as it could be silver’s turn to run, according to some analysts.
While relatively calm; however, there are some signs investors are finally paying attention to the market as the gold/silver ratio looks to end the week at its lowest point so far this year. The ratio is currently trading around 85.50 points., down sharply from the 89 points seen at the start of the week.
It now takes 85.50 ounces of silver to equal the value of one ounce of gold. The ratio historically trades between 50 to 60 points. The drop in the ratio comes as silver prices end the week near a three-month high above $25 an ounces
While relatively calm; however, there are some signs investors are finally paying attention to the market as the gold/silver ratio looks to end the week at its lowest point so far this year. The ratio is currently trading around 85.50 points., down sharply from the 89 points seen at the start of the week.
It now takes 85.50 ounces of silver to equal the value of one ounce of gold. The ratio historically trades between 50 to 60 points. The drop in the ratio comes as silver prices end the week near a three-month high above $25 an ounces