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Silver is Cheap!

15 November 2018

Last trading just above USD $14oz and below AUD $20oz, it’s been a tough few weeks for silver, which is now down almost USD $1oz, or 5% since the start of November.

The decline in silver has helped bring the gold to silver ratio (GSR) to 85:1, more than double what it was back in 2011.

As per the chart below, silver is now at its cheapest point relative to gold in 25 years.
 
Gold/silver ratio

Whilst we could see some more downside short-term, especially if gold fails to hold USD $1,200oz, we think anything below AUD $20oz will prove to be a bargain.

As a result, we’ve topped up our SMSF this week, confident these holdings will deliver strong returns over the next 5 years.

Jordan Eliseo
Chief Economist
ABC Bullion
Jordan

Disclaimer
This publication is for educational purposes only and should not be considered either general or personal advice. It does not consider any particular person’s investment objectives, financial situation or needs. Accordingly, no recommendation (expressed or implied) or other information contained in this report should be acted upon without the appropriateness of that information having regard to those factors. You should assess whether or not the information contained herein is appropriate to your individual financial circumstances and goals before making an investment decision, or seek the help the of a licensed financial adviser. Performance is historical, performance may vary, and past performance is not necessarily indicative of future performance. Any prices, quotes, or statistics included have been obtained from sources deemed to be reliable, but we do not guarantee their accuracy or completeness.