18-Mar (USAGOLD) — Silver is showing good resilience this morning in the face of the pullback in gold. The gold/silver ratio has declined by more than 6% since peaking at 83.82 two-weeks ago. The ratio is presently 78.25.
While perhaps to early to suggest that the trend has changed, watch this one closely. It would be nice to see silver play some catch-up to gold. If silver takes the lead, the metals market could be off to the races.