While Canada enjoys Easter Monday, it is good to see that gold continues to rise. At the time of writing, gold was trading at around $87, up 2.65%, despite part of the world being on holiday today. This morning, silver was also above $33/oz, but has now fallen back. Global uncertainty, led by the possibility of a trade war and the falling dollar, has contributed to the rise in the price of gold and silver. The ratio between gold and silver continues to exceed 100:1. After reaching a high of 105:1, it currently stands at around 103:1. I feel like I'm turning blue in the face ranting about how silver is undervalued here and that there is great potential for a big bullish move. Personally, I will continue to buy silver at the current ratio, which is not to say that gold is a bad buy.
Josh Perez
Managing Director
Chief of Global Trading