by Bespoke Investment Group
While gold is currently moving higher, the metal is still just about in the middle of its trading range and has a ways to go to get back to new bull market highs. Silver, on the other hand, has moved back to new bull market highs in recent days, and it is currently trading more than two standard deviations above its 50-day moving average.
While gold has gotten most of the attention in the metal space in recent years, silver has outperformed by a wide margin. This outperformance has pushed the gold/silver ratio to its lowest level in more than a decade. A move below 40 (it's currently at 42.75) would put the ratio at its lowest levels since the early 1980s!
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