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TechFlow, May 21 — Bloomberg analyst Mike McGlone posted on social media that the gold/silver ratio reached 100 on May 20, approaching the historical highest quarterly closing level of 113 (first quarter of 2020). McGlone pointed out that unlike previous peaks in the ratio, the current situation lacks a key factor—loose monetary policy from the Federal Reserve—which may suggest that risk assets are facing a potential double downside.
Bloomberg analyst Mike McGlone posted on social media that the gold/silver ratio reached 100 on May 20, approaching the historical highest quarterly closing level of 113 (first quarter of 2020). McGlone noted that unlike previous peaks in the ratio, the current situation lacks the key factor of Federal Reserve easing policies, which may suggest risk assets are facing a potential double downside.
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