3-Year Range Broken — Gold/Silver Ratio Retesting Critical Zone

Context:
For more than three years, the Gold/Silver ratio traded within a predictable range between approximately 79 and 92. This provided consistent opportunities to rotate between metals: buying Gold when the ratio approached the bottom of the range, and favoring Silver when Gold became relatively expensive near the top.

Breakout and Failure:
In March 2025, the ratio broke out sharply above the 92 ceiling, reaching above 105 for the first time in years. This breakout was driven by macro uncertainty and a surge in demand for Gold as a safe haven. However, the move quickly lost momentum. As risk appetite returned and macro concerns faded, the ratio dropped aggressively, falling back below the former breakout zone.

Current Setup:
Price is now testing the 90–92 region — the same area that acted as resistance for years. This zone is now functioning as key structural support. Its behavior here could determine the next major leg.

Trading Outlook:
If the ratio holds above 90, Gold may continue to outperform Silver, possibly establishing a new higher range between 90 and 105. However, a decisive break below 90 would indicate a failed breakout and may favor Silver strength, with downside potential back toward the 80–85 area.

Conclusion:
This is a technically critical zone. A confirmed hold or breakdown from here could define the next multi-week trend in the precious metals space.