The seemingly ever-rising gold-silver ratio is said to be giving sleepless nights to traders who shorted gold futures and purchased silver futures on domestic commodity derivatives bourses in February when the ratio was around 84. They expected silver would outperform gold and the ratio would revert to its 200-week moving average of 78.11. Much to their chagrin, the ratio spurted to a 26 year high of 87.6 in April and currently quotes at an even higher 90.6 based on weekend Comex prices of gold and silver, hurting them with huge unrealized losses.
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