Gold at $3,100 and silver at $50? That might’ve sounded wild a year or two ago, but it’s now the upper trajectory some analysts are eyeing. With consumer confidence cratering to a 12-year low, inflation expectations rising, and central banks hoarding bullion like it’s the latest fashion, gold is holding firm above $3,000 per ounce and silver is knocking on $34. There’s another thing to consider: the gold-to-silver ratio is still high, reaching 91:1 on Monday and 89.7 on Tuesday, hinting that silver may be massively undervalued. If the ratio snaps back to historical norms, silver could explode past $40, even $50, while gold edges toward $3,100 or higher. FIGURE 1. CHART OF GOLD/SILVER RATIO. The historical average is at 65:1, well below the data on the chart. Any level above 87 signals a potential buying opportunity. Note how the price of silver, namely its rallies highlighted in the shaded…
