Gold vs Silver: The relative valuation game
Published
Historically, such levels in the ratio have often signalled silver being undervalued relative to gold and have preceded periods of outperformance by silver. Silver outperformed Gold across all periods in the last 1 year
In simple terms, silver still looks undervalued compared to gold, making it an attractive contrarian investment opportunity
Source: Bloomberg | Data as on 31st October, 2025.
