For the first time since September 2016, Silver futures just broke above $20...

Just a few short months after dropping to the lowest since 2009...

As the gold/silver ratio reverses from its record high spike...

Though gold is still outperforming YTD for now...

But, as tsi-blog.com  explains, silver is set to continue outperforming over the next year.

Gold is more money-like and silver is more commodity-like. Consequently, the relationships that we follow involving the gold/GNX ratio (the gold price relative to the price of a basket of commodities) also apply to the gold/silver ratio. In particular, gold, being more money-like, tends to do better than silver when inflation expectations are falling (deflation fear is rising) and economic confidence is on the decline.