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Gold’s Ratio to Silver Hits Its Highest Level Since 2008

James Poole
Gold’s Ratio to Silver Hits Its Highest Level Since 2008

Silver’s 16 percent slump this year, almost double the loss for gold, has taken it to the cheapest level versus the yellow metal since 2008. A strong dollar and rising U.S. interest rates have curbed the appeal of non-interest bearing assets such as precious metals and worries over industrial demand because of trade disputes and emerging-market turmoil have added to pressure on silver.