Current Metals Prices
The monetary metals continued to rally over the last week, with gold up slightly to $2,401, silver up another 6% to $31.54, platinum down 2% to $1,054, and palladium down 1% to $1,045.
From a year ago today, gold is up 22%, silver is up 33%, platinum is down 2%, and palladium is down 30%. YTD, gold is up 16%, silver is up 32%, platinum is up 5%, and palladium is down 8%.
Comparison of Gold and Silver Prices
On 3/17/20, gold was $1,524/ounce and silver was $12.47/ounce; it took 125.89 ounces of silver to equal an ounce of gold. Silver purchased then is up 153%, in 4.2 years. Gold purchased then is only up 58% in 4.2 years.
Today, the G/S ratio is 77. Looking back 50 years, we can see that the G/S ratio continues to favor the purchase of silver over gold. Interestingly, this historical trend may indicate potential opportunities for investors looking to capitalize on the current ratio by considering investments in silver over gold.
Additional insight:
Investors often analyze the gold-to-silver ratio to determine whether gold or silver presents a better buying opportunity. A lower ratio suggests that silver may be undervalued compared to gold, making it a potentially attractive investment. The fluctuation in the ratio over time can be influenced by various factors, including economic conditions, global events, and market sentiment. Historically, silver has shown greater price volatility compared to gold, which can present both risks and opportunities for investors.
