In accordance with Chainthink, on December 22, the gold-silver ratio (Gold/Silver Ratio) is approaching its lowest level in five years, currently at 60.027. Despite gold hitting record highs recently, silver has also reached a new high with a larger increase. Spot gold rose above 4,400 USD per ounce for the first time today, up nearly 68% year-to-date, while spot silver climbed above 69 USD per ounce, up nearly 139% year-to-date.
Gold-Silver Ratio Nears Five-Year Low as Silver Surpasses Gold in Gains
ChainthinkShare
Summary
As of December 22, the gold-silver ratio has dropped to 60.027, near a five-year low. Silver outperformed gold in gains, hitting $69 per ounce, up 139% year-to-date. Spot gold rose above $4,400 per ounce, up 68% on the year. Traders are also keeping an eye on altcoins to watch as key resistance levels in multiple markets show signs of breaking.
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