Barron's published an paper, discussing sliver price. Here is the key points:
a Silver prices have more than doubled this year to about $76 per ounce, while oil prices have slid nearly 20% to $58 per barrel.
b.The current oil-to-silver ratio is approximately 0.8, significantly below the historical average of 3.8 since 1975.
c Experts suggest silver may be in a speculative bubble, though some analysts believe its rally could continue due to monetary uncertainty.
However, Point b. the 3.8 oil-to-silver price ratio may be too bearish.
Not a trade recommendation.
