|The Gold-Silver Ratio has been thought of as a reliable technical ‘buy’ indicator for silver, whenever the ratio climbs above 80. The ratio represents the number of silver ounces it takes to buy a single ounce of gold. The gold-to-silver ratio has moved above 85. One needs to go back to 1991 for the last time it was higher than it is now.|
In ancient times, the ratio was set at 12 to 1. In 1792, the ratio was fixed by law in the US at 15:1. The current ratio is high historically, 60% above the 20-year average.