After a very volatile late-February followed by several sharp mid-March downturns, gold and silver prices settled down for a brief period as the gold-to-silver ratio stabilized near historical norms in mid-April. Comex gold has traded range-bound between its April highs and lows of $1,685.40 and $1,613 per ounce and closed Friday at $1,645.20, very near the middle of its trading range. In striking contrast, Comex silver intraday prices touched 16-week lows before edging back above $30 per ounce level to close at $30.43. Are gold and silver parting ways?
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