RE: Gold-silver ratio7 Feb 2025 11:07
it's as much psychological as anything.
the premium has gone up because there are no shares available to be borrowed - these are pretty much unprecedented moves and it's the same for gold.
remember, we half expect an official revaluation of gold (and therefore silver) at any point, however they may make it happen - moves like this are an attempt to paint a black picture. the us can simply decide to revalue gold to $10/$20k overnight with a flick of a pen and their debt issues are reduced significantly.
china have just allowed their insurers to take physical gold as 1% of their reserves on their balance sheets putting as much as another $43b into play on the gold market.
us "jobs" in 2.5 hours - let's see what random **** they come up with this time.