Hi friends,
The current gold to silver ratio is about 85 ounces of silver to each 1 ounce of gold:
Based on the historical usual range of 50-70 to 1, the price of silver would need to be closer to $55 per ounce today be be in the range, representing a price increase of 77% from the current price of $31.
Let’s hope silver can get some legs and get there soon!
Thanks for coming by,
Brian