Ratio: Gold Significantly Outperforms Silver

March 2, 2018 11:15AM CST

Silver futures continue to baffle the minds of traders with impressive rallies followed by periods of disappointment and head fakes. Its been one of the tougher metals to trade taking its cues from copper and gold. One thing to keep a close eye on is the gold/silver ratio. This ratio measures how many ounces of silver it takes to buy one ounce of gold. Looking over the past two years we can see a steady rise in the ratio indicating that gold has been significantly outperforming silver. Here is the chart of April Gold vs May Silver on a daily basis.

Gold Apr '18 vs. Silver May '18 Daily Chart


RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that RJO Futures believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgement at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent that you have received this communication indirectly and solicitations are prohibited in your jurisdiction with registration, the market commentary in this communication should not be considered a solicitation.