NEW YORK: A sharp rise in the gold-to-silver ratio shows that silver's unique investment and industrial appeal has faded. But this increase, unlike previous ones, does not portend further weakness in the precious metals complex.
The closely watched ratio, calculated as the price a troy ounce of gold divided by that of silver, is used to determine how expensive silver is relative to gold. Some traders switch positions between the two metals if one is thought to be cheaper.
Silver, dubbed as the poor man's gold, has characteristics of both precious and base metals....
