In 2025, the gold to silver ratio falls from 110 to 65. Should you buy base metals going forward?
In 2025, precious metals performed exceptionally, with silver increasing nearly 170%, significantly outperforming gold’s 76% rise. The gold-silver ratio decreased from 110 to 65, indicating that silver’s price growth was more rapid. This shift was attributed to a constrained physical supply of gold coupled with periods of backwardation in silver, which signaled tight physical markets….