Wednesday, April 29, 2020 7:53:40 AM
Silver
Gold/silver ratio ... this chart goes back to 1915
Gold/silver are both a form of global currency, and are a form of commodity index/asset. Might somewhat correlate to other commodities such as oil/energy.
As Corona (fear) fades (whenever) so the flight into safe assets (such as US$) could see some outflight (greed), in which case in US$ terms gold/silver might rise in price ($ down/gold up), but where perhaps silver might rise relatively more than gold. If fear sustains then so silver might see larger decreases in price as the $ rises further, given its relative valuation compared to gold. Just a guess. Whatever, a historic new relative high is always worth keeping a eye on.
Clive
Gold/silver ratio ... this chart goes back to 1915
Gold/silver are both a form of global currency, and are a form of commodity index/asset. Might somewhat correlate to other commodities such as oil/energy.
As Corona (fear) fades (whenever) so the flight into safe assets (such as US$) could see some outflight (greed), in which case in US$ terms gold/silver might rise in price ($ down/gold up), but where perhaps silver might rise relatively more than gold. If fear sustains then so silver might see larger decreases in price as the $ rises further, given its relative valuation compared to gold. Just a guess. Whatever, a historic new relative high is always worth keeping a eye on.
Clive
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