Silver Lags Gold Again: What the 69 Ratio Is Telling You
Gold jumped $90 on Tuesday's June CPI print. Silver gained 3.0% on the same day, less than half of gold's move. With the gold/silver ratio sitting near 69, the two metals are telling a familiar story: silver lags in the first leg of a rally, then catches up when conditions align. Key Takeaways The gold/silver ratio is near 69, historically elevated, suggesting silver is cheap relative to gold on a relative-value basis. SLV, the iShares Silver Trust ETF, trades near $53.17; silver futures (SI=F) show key support at $56.00 and resistance at $62.00. Silver's industrial demand from solar and AI infrastructure buildout remains intact but makes it more growth-sensitive than gold. The gold/silver r…
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