Commerzbank analysts view the recent decline in silver to USD 48.60 as excessive, even as the metal hits a 12-month low and continues to lag behind gold performance.
Commerzbank’s Carsten Fritsch notes Silver has fallen to USD 48.6 per troy ounce, a 12-month low, and says the decline looks excessive. That view can encourage dip-buying and a rebound, especially with the gold/silver ratio at 80. However, the article also shows Silver underperforming Gold, so weak momentum argues against a quick recovery.
The article says Silver has dropped to USD 48.6 per troy ounce, a 12-month low.
The article says the gold/silver ratio has reached 80.
Silver prices have tumbled to a 12-month low of USD 48.60 per troy ounce, prompting Commerzbank to label the recent sell-off as excessive. Despite the bearish momentum and the metal's ongoing underperformance relative to gold, the gold/silver ratio of 80 suggests potential for a technical rebound.
Silver has fallen to a 12-month low of USD 48.60 per troy ounce, a move analysts describe as excessive.
The ratio of 80 highlights silver's significant underperformance relative to gold, which is often monitored by traders to identify potential mean-reversion opportunities.