Silver Heads North

With the midday silver fix today of over £16/oz, we are now in territory not seen for the metal since the heady days of 2011-13 and as this blog is written the price has risen by a further 50p/oz.

With many mitigating factors - Coronavirus, economic hardship throughout the world and poor relations between the West and China & Russia - the signs would suggest further rises to reduce the gap in the gold:silver ratio that traditionally has stood at 60:1, but is currently adrift at 86:1.

Gold remains bullish and has once again pushed past the £46/gram mark and does not look to lessen its shine, so to reduce the gap, silver must surely rise...