In a Barchart article on silver dated April 1, I drew attention to the falling silver-gold ratio, a bullish signal for silver, known for its volatility and speculative nature among precious metals. I stated:
The silver-gold ratio is trading at an elevated level on April 1, which is a mixed blessing. On the one hand, the metric tells us that silver continues to underperform gold. However, the high level could create a significant opportunity if silver is heading for an upside break that could take the volatile metal substantially higher over the coming months. I favor the upside for silver and believe each price correction is a buying opportunity.
