Interesting, as that is almost -10% to fill that gap. Despite being slightly up on the PMs at the moment, especially Pd and then Pt (which really makes sense by supply/demand), I am not willing to think things have settled to target range yet as in my book the next major resistance points are significantly below the 23.3/23.4 and 1350+/- that only provided brief pauses during today's take-down. As far as I can recall this is the closest to a 60 ratio for Au/Ag since before "the crisis", I mean the beginning of "the great" fleecing.