July 21, 2025 - (Gold Market Wire) - The Gold/Silver ratio continues to fall, as the underlying market tilts higher. While we we're looking for a stronger pull-back, we noted that the ratio play, in favor of Silver, was a position that stood to benefit. This is the benefit of trading the ratio on its own. We didn't really get the traction of the sell-off, but we have reaped the benefit of the ratio trade.

The break-down from 87.50 on Friday should give us clear sailing ahead. Already, out of the east, this Monday morning, we are continuing the descent.

All of this on the heels of a market that is watching Silver come into its own. Until our blue line in the chart above is challenged, we are likely to continue on this path. Silver has a lot of "room" to make up from the Gold's explosive move higher. It looks like its journey has begun in earnest.