79.9/1 First time under 80 for a long time.
Gold-Silver Ratio
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just as a comment on this thread....current spot gsr is about 80-1
but in the physical market it is more like about more like 67-1
point is when i am buying i will favor my buy metal based on the GSR but i use a retail Physical GSR which i calculate (usually use generic 1oz bars of each metal retail to do calcs) .......which in my mind still favors silver but not as drasticly as the 80-1 would imply
but in the physical market it is more like about more like 67-1
point is when i am buying i will favor my buy metal based on the GSR but i use a retail Physical GSR which i calculate (usually use generic 1oz bars of each metal retail to do calcs) .......which in my mind still favors silver but not as drasticly as the 80-1 would imply
I was looking at the GSR this morning - currently just above 82/1 - and thinking that, as silver is breaking out and heading for another challenge at $30, the GSR is likely to drop below 80/1 within the next week or so for the first time since August '23 - 8 months ago.
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GOLD SILVER RATIO BREAKOUT 21st Century Analogue
06/14The spot silver and gold markets were a mixed bag, with gold leading higher and silver staying relatively flat on the week's spot price trading.
The spot silver price finished flat at $29.53 oz bid while the spot gold price closed up over thirty bucks at $2,332 oz bid.
The spot gold-silver ratio climbed to briefly pierce 80 intra-week closing at 78.
That will be all for our weekly SD Bullion Market Update. And as always to you out there, take great care of yourselves and those you love.
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@sdbullion
6 hours ago
JAMES: apologies, my arithmetic was off, the 25¢ to $50 oz silver spot move 1933-1980 was a 200X move, not 400X