How you know ir is behind so on… it smashed though the 3000 mark so on so this is what you call braking the resistance barrier. It is likely maybe to dip a min back but it will likely remain.
We are currently at a 88.50439882697947
Or close to 90 to 1 gold to silver ratio.
This is a screaming buy signal for silver as in resent years ir is normally 70 to 1 ratio.
Palladium is also a great value too. It is used more in catalytic converter then Platinum now these days for efficacy and is likely to over take Platinum which may only recover if it was the jewelry side that picks up as Palladium is not used for jewelry as much.
However with the car market likely going away from electric cars now and a low demand in both metals this is a win in all forms.
Sooner or later so on… I expect this to maybe spike after the budge is reached because no more electric car subsidies will be so massive. This does not mean their will not be a market it will just likely be for more practical designs. The hybrid will likely take over which has catalytic converter in them standard in every model that I am aware of.
Combined with a environment of massive inflation all three will go up.
Gold is going up likely but will loose in percentage to silver and then I think short term if silver does not go to fast palladium will be the winner if not silver over all.
Rhodium is the most important metal next to silver and likely will be closest to where silver will go in percentage in the future. However had to obtain and get is the issue.
Top pick
1) Silver
2) Rhodium hardest to get small market
3) palladium
4) platinum
5) gold
gold is so over bought