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Silver battered by investor fear

The silver price has fallen 32% since late February as global markets for everything from metals to oil to stocks have sold down hard as the Covid-19 virus has spread around the world. Yet in the same time, gold is down only 12%, which has pushed the gold/silver ratio to 120:1. Silver stocks have been pummelled more than gold stocks in the process, which begs the question: is silver no longer an investible metal and now just another industrial metal?

Silver battered by investor fear Silver battered by investor fear Silver battered by investor fear Silver battered by investor fear Silver battered by investor fear

Silver bars

The gold/silver ratio is an indicator of the relative value of gold to silver.

At 120:1 it means that you need 120 ounces of silver to have the equivalent value of 1oz of gold.