Gold to Silver Ratio: Silver to Rise Above $30? | Chart of the Week
This week’s chart highlights silver and gold data from 1970-2020 in order to compare the historic gold to silver ratio. At current prices (as of October 20th) a reversion to the mean would imply that silver could appreciate to $32.66 which represents 32.7% upside from existing prices. Analyst estimates continue to rise regarding silver, and it will be interesting to see if it can continue its strong performance through 2021.
Source: LBMA: BMG Group Inc.