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Silver prices soared, gold and silver fell below the 100-day moving average and hit a two-month low.
May 26,2020 10:45CST
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SMM5 June 26: gold-silver ratio, the numerical meaning of the equivalent of a share of gold can be equal to how much silver. 101.24 (SMA), which has fallen below its 100-day moving average, may soon hit a new two-month low of 99.50.

The ratio peaked at 126.56 on March 18th and has been falling ever since. In the past three weeks, due to the sharp rise in silver, the price has fallen from 115.35 to 100.00.

Silver rebounded below $15 on May 7 and rose to a high of $17.63 on May 20. During this period, the price of gold also rebounded from $1680 to $1765. In percentage terms, however, silver rose 17.5 per cent, much more than gold's 5 per cent rise and pushed down the gold-to-silver ratio.

Looking ahead, both precious metals will continue to be boosted by tensions between China and the United States and the coronavirus pandemic. Optimism about the easing of the blockade by major countries could further boost silver (a semi-precious / semi-industrial metal). The gold-silver ratio fell below the widely tracked 100-day moving average, echoing the same trend.

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