Why the gold-silver ratio doesn’t work the way you think

Kitco03-13

In this presentation, Jeffrey Christian of CPM Group discusses the gold-silver ratio, one of the most widely referenced indicators in the precious metals markets. Many investors believe that the ratio...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2619117900?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-13 19:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2619117900","market":"hk","top_or_hot":-1,"title":"Why the gold-silver ratio doesn’t work the way you think","media":"Kitco","content":"<div>\n<p>In this presentation, Jeffrey Christian of CPM Group discusses the gold-silver ratio, one of the most widely referenced indicators in the precious metals markets. Many investors believe that the ratio...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-03-13/why-gold-silver-ratio-doesnt-work-way-you-think\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the gold-silver ratio doesn’t work the way you think</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the gold-silver ratio doesn’t work the way you think\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-13 19:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/opinion/2026-03-13/why-gold-silver-ratio-doesnt-work-way-you-think><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In this presentation, Jeffrey Christian of CPM Group discusses the gold-silver ratio, one of the most widely referenced indicators in the precious metals markets. Many investors believe that the ratio...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-03-13/why-gold-silver-ratio-doesnt-work-way-you-think\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4547","symbol_name":"WSB热门概念","start_time":0,"source_url":"https://www.kitco.com/opinion/2026-03-13/why-gold-silver-ratio-doesnt-work-way-you-think","article_id":"2619117900","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/opinion/2026-03-13/why-gold-silver-ratio-doesnt-work-way-you-think","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2619117900","pubTimestamp":1773400380,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"In this presentation, Jeffrey Christian of CPM Group discusses the gold-silver ratio, one of the most widely referenced indicators in the precious metals markets. Many investors believe that the ratio between gold and silver prices should reflect either minable deposits or above ground inventories. Jeff explains why that assumption is incorrect, what actually determines the gold-silver ratio, and whether it is important.The presentation then addresses misunderstandings about global silver inventories. Jeff reviews CPM Group’s long-term estimates of above-ground silver stocks and explains why reported exchange inventories represent only a small portion of the total amount of silver available in the market. He discusses the roles of bullion, coins, exchange inventories, and unreported holdings in shaping the overall supply picture.Finally, the segment concludes with a look at some of the broader factors influencing silver prices, including economic conditions, political uncertainty, infl","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","BK4504":"桥水持仓","BK4207":"综合性银行","GDX":"黄金矿业ETF-VanEck","SLV":"白银ETF-iShares","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4535":"淡马锡持仓"},"translate_title":"为什么金银比例不像你想象的那样运作","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SLV":1.61,"GDX":1.57,"XAGUSD.FOREX":1.61},"content_text":"In this presentation, Jeffrey Christian of CPM Group discusses the gold-silver ratio, one of the most widely referenced indicators in the precious metals markets. Many investors believe that the ratio between gold and silver prices should reflect either minable deposits or above ground inventories. Jeff explains why that assumption is incorrect, what actually determines the gold-silver ratio, and whether it is important.The presentation then addresses misunderstandings about global silver inventories. Jeff reviews CPM Group’s long-term estimates of above-ground silver stocks and explains why reported exchange inventories represent only a small portion of the total amount of silver available in the market. He discusses the roles of bullion, coins, exchange inventories, and unreported holdings in shaping the overall supply picture.Finally, the segment concludes with a look at some of the broader factors influencing silver prices, including economic conditions, political uncertainty, inflation, and seasonal investment demand.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2619117900","isCrawlerRequest":true}