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Otavio (Tavi) Costa: Silver to S&P 500 ratio returns to long-term uptrend

Otavio (Tavi) Costa: Silver to S&P 500 ratio returns to long-term uptrend
Silver to S&P 500 ratio rebounds

Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights an important market chart as global central banks begin to moderate their previously hawkish rhetoric.

According to Costa, the silver to S&P 500 ratio has recently moved back toward its long-term upward trend after having outpaced itself. He observes that similar market shakeouts have occurred in the past.

Costa has previously pointed out that gold miners are trading at historic discounts to the S&P 500 despite strong fundamentals. He also observed that money supply is expanding at its fastest pace in five years. These prior comments add further context to his current market observations.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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