July 20, 2020

Silver surged today above $20.00, bringing the gold/silver ratio briefly below 90 for the first time in several months.  Silver has long thought to be undervalued in comparison to gold, and many investors are adding it to their risk aversion portfolio as a result.  Equities also had a good day with the Nasdaq closing at a record high and the S&P turning positive for the year.  The Dow lagged behind and finished virtually flat for the day.