This ratio appears to be at a pivotal point with a last of 58.54, one ounce of gold equals 58.54 ounces of silver. During late 2009 and into late 2010 the 60 level was an area of support on the chart. When silver took off in 2011 the ratio collapsed under 60 with the gold/silver ratio hitting 31 by the end of April. Rallying back from that time, the ratio have found it impossible to surpass 60. In the vicinity of this level at 58.75 is the 1000 day average, causing more suspected trouble for it to advance.

The interpreted message from this action is that silver is on the verge of moving higher along with gold. In order for the ratio to move down against gold on the chart, it would be necessary also for gold to move higher thus stirring speculative interest in silver which always outpaces gold on a percentage basis when the prices advance together. It is unlikely that gold's exchange for ounces of silver would lessen without gold moving higher itself. It's just that silver is more explosive when things get cooking. It certainly appears that the ratio's failure to surpass its 60 level could very well be the beginning of a spark that gets gold's engine moving higher again, possibly, sooner than most prople would believe.