Gold-to-silver price ratio at 23-year high of 84.78 amid trade war fears

The ratio represents how much ounce of silver can be bought with one ounce of gold and it is a signal for measuring the relative strength of both the metals with each other

The gold-to-silver ratio has risen to a 23-year high of 84.43, indicating that silver has received heavy pounding in recent times. The ratio represents how many ounces of silver can be bought with one ounce of gold and it is a signal for measuring the relative strength of both the metals compared with each other.

Several traders trade in the ratio, including in India, when they have different views on both the metals.

Silver is a high beta or much more volatile commodity than gold and the ratio keeps changing.

Nigam Arora, a US-based market analyst, said,