Silver price logs worst close since Nov; ratio at 74

Gold gave back 2.8% Thursday in a slide toward the $4,000 shelf as silver settled at its weakest close since November 2025 at $54.76. They did it in the same hour Brent ran to a five-month high around $114 to $115. That pairing is the story, and it is not the one the inflation crowd expected.

Key Takeaways Gold fell 2.8% Thursday toward $4,028 and held ~$4,036 into Friday, down 3.6% on the week; the $4,000 shelf held on first test at a weekly low of $4,000.9. Silver settled at its worst close since November 2025, $54.76, and is down roughly 50% from its January record, roughly 10% month to date. The gold/silver ratio pushed to ~74 against a ~60 long-run mean, the classic relative-oversold sig…