PRESS ROOM
Gold to silver ratio at its highest in nearly 30 years
Monday 16th March '20
Gold to silver ratio is fast approaching 100, its highest level since 1991. A high value for the ratio indicates silver’s price weakness relative to gold. Silver, which derives nearly half of its use in industrial applications, is facing weakness in demand as economic activity around the world slows down in the wake of the coronavirus pandemic. The metal, however, is considered precious and has a strong correlation to gold, although its price can sometimes lag slightly behind gold.