PRECIOUS METALS

Silver battered by investor fear

The silver price has fallen 32% since late February as global markets for everything from metals to oil to stocks have sold down hard as the Covid-19 virus has spread around the world. Yet in the same time, gold is down only 12%, which has pushed the gold/silver ratio to 120:1. Silver stocks have been pummelled more than gold stocks in the process, which begs the question: is silver no longer an investible metal and now just another industrial metal?

Silver bars

Silver bars

The gold/silver ratio is an indicator of the relative value of gold to silver. At 120:1 it means that you need 120 ounces of silver to have the equivalent value of 1oz of gold. The average over the...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.