Silver Price Crashes, Ratio of Gold to Silver Hits 100 According to Commerzbank
Silver has experienced a dramatic drop, falling approximately 7% on Friday. This decline brings the silver price down to a seven-month low at USD 28.3 per troy ounce. Analysts from Commerzbank, including Carsten Fritsch, have noted the severity of this drop. Investors are keenly watching the gold to silver ratio, which has now reached 100. This ratio indicates a significant divergence in the performance of these precious metals. As market dynamics shift, many are left questioning the future trajectory of both gold and silver prices.