Gold-Silver Ratio Drops to 2016 Low as China Stabilizes: Chartby
An ounce of gold buys the fewest ounces of silver since December after silver climbed on signs of stabilization in China, the world’s biggest consumer of commodities. More than 50 percent of global demand for silver comes from industry. The metal surged 5.7 percent last week, while gold declined. Holdings in exchange-traded funds are around the highest since 2014 and money managers are the most bullish since at least 2006.