On May 21, Mike McGlone, senior commodity strategist at Bloomberg Industry Research, said that the gold-to-silver ratio usually peaks when the Federal Reserve ends its easing policy - the gold-to-silver ratio reached 100 times on May 20 and is approaching the record quarterly closing level (it reached 113 times in the first quarter of 2020). Unlike previous peaks, the current lack of a key element of Fed easing may herald a lose-lose situation for risk assets.
The current gold-silver ratio (near 100 times) has limited implications for economic trends - if the gold-silver ratio of 100 times on May 20 is still above 91.5 times when it closes 2025, it will be the highest year-end ratio on record, which usually bodes ill for the global economic outlook. The ratio peaked during the 1990-91 and 2020 US recessions, but a key prerequisite is missing this time, namely that the Federal Reserve's easing policy has not bottomed out.
Bloomberg analysts: gold and silver prices hit a high, indicating that risk assets may face a lose-lose situation
2025-05-21 11:38:59
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