The gold-silver ratio at ~60:1 is well below the 20-year average of 75:1. Silver's dual monetary-industrial demand profile provides additional support.
Silver hit $121-122/oz on January 29 before correcting ~40%. The correction was more severe than gold's due to silver's higher volatility.
Investment demand has moderated from Q4 2025 levels. Retail coin and bar demand remains strong in North America and Europe.
Analysts expect silver to trade $72-88 through mid-2026 with base case at $80-85. Bullish case rests on gold uptrend resumption.
Build positions on pullbacks toward $70-72, representing strong support given the structural deficit.
What this means for buyers
Build positions on pullbacks toward $70-72, representing strong support given the structural deficit.