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Silver Price Forecast: This Indicator Suggests Silver Could Hit $64
Silver price forecasts are decidedly bearish as of late, but the value ratio of gold to silver indicates we may be in for a surge in silver.
What is the gold-silver ratio? Simply put, it’s the amount of silver required to purchase an ounce of gold. When the ratio is high, the general consensus is that it’s a good time to buy silver. When low, it’s gold that is your best bet. At the moment, all historical indicators suggest that silver is due for an upswing.
Since 1900, the gold to silver ratio has averaged between 47 and 50. Historically speaking, the natural equilibrium between gold and silver prices has hovered in the range of 1:16. If the ratio were to return back to its historical average, we would see silver prices around $64.00 per ounce.
Continue Reading >> Silver Price Forecast: This Indicator Suggests Silver Could Hit $64
