Most Bullish Chart for Silver
70:1 GOLD/SILVER ratio is the average ratio when silver is treated as an industrial metal. However, if you believer Silver will be receiving monetary investment demand, like Gold has been, then 70:1 may become the neckline for a much more aggressive silver price and a ratio closer to 20:1 in Silver's favor.
That means if Gold hits $3,000 an ounce like Bank of America forecasts, then Silver should hit $150 an ounce with a 20:1 gold/silver ratio.
That means if Gold hits $3,000 an ounce like Bank of America forecasts, then Silver should hit $150 an ounce with a 20:1 gold/silver ratio.
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