Gold is still outpacing silver, and PHYS has climbed to a higher level of premium, levels which are a little on the high side.
The gold/silver ratio has declined to 52.
The premium on PHYS is at levels not seen since the first quarter of this year.
As always there are several ways to resolve this. One way of course is for the price of gold to go higher. But PHYS can also decline in price.
Lets see if gold can break out above the psychological $1700.
