The gold-to-silver ratio, which indicates the relative strength of the two metals, is testing the three-decade-high level of 100, seen in February 1991. Currently, the ratio is at 96.5.
The ratio rises when silver underperforms gold. In the past, whenever the ratio has increased to a very high level, it has never sustained and fallen. The ratio shows how many ounces of silver can be bought with one ounce of gold.
Traders in India, like their global peers, trade on the basis of this ratio. If they expect the ratio to rise, they buy gold and sell silver.
“The gold-silver ratio is currently

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