Gold to Silver ratio

Currently it takes around 81 oz of Silver to buy 1 oz of Gold. This ratio is at a high not seen since early 2016. Going back to 1998 we’ve only seen the ratio this high 4 times, with quick reversals. It is therefore possible that Silver will outperform Gold in the near future. A hedge trader may look to be long Silver and short Gold.

Notice the four peaks on the chart below.