Amid the big tumble in commercial hedgers positions, we also note the Gold/Silver ratio has plunged to 2-month lows – just as we suggested.
Silver breaks 2016 highs.
To October levels.
As hedgers unwind.
A month ago we said, So bottom line, if you’re a speculator in precious metals, now may be a good time to consider trading in some gold for silver.
And since then,Silver is up 4.6% and gold unch.
Leaving the Gold/Silver ratio at 2-month lows.