The timing of this silver rally relative to the gold silver ratio (GSR).
In the last 100 years, there were three significant silver rallies, with the current one still in progress. Below is a long-term Gold/Silver Ratio chart showing those silver rallies:
I have highlighted the periods during which the silver rallies occurred – from bottom to peak .
- The silver rally of the 30s started (measured from bottom) before the 1940s major peak of the GSR.
- The silver rally of the 70s started (measured from bottom) before the 1980 major bottom of the GSR.
- The current silver rally started (measured from bottom) after the 1991 major peak the GSR.
Although the three rallies have similarities, they are actually radically different, when you look at them relative to the GSR.
The 30s silver rally was not that strong because silver had not bottomed yet (from a long-term point of view)…
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