After falling about 3 percent last week, gold closed 6.6 percent higher the week ending 4/11/25, closing at $3,238. Less than a month ago, I wrote about gold breaking $3,000 for the first time. That’s an 8 percent climb in four weeks and 23 percent year-to-date, with gold outperforming most other assets during these turbulent times.
Silver, which dropped from $34 to under $30 last week, finished this week at $32.33, an uptick of 7.3 percent. For those brave enough to pull the trigger, last weekend represented an excellent opportunity to “buy the dip.”
The question we must ask, however, is will gold and silver stay elevated? I expect gold will until China and the U.S. resolve their tariff spat, or what in my last post I called Trump’s economic war on China. The more the media talks about a recession, the higher we can expect gold to go.
Changes in silver prices usually lag gold, but that pattern may be due to break as the gold-to-silver ration remains just a smidge over 100-to-1. Depending on what part of history you examine, the ratio has “historically” been 15-to-1, 20-to-1, or even 60-to one. Many expect the ratio will drop back to a more traditional range, but its impossible to know if that is because gold will fall, silver will climb, or some combination of the two.
Gold is once gain proving that it is relatively a safe haven for money during market tribulations. For more on my thinking about gold and silver for preppers, you might enjoy this article on precious metals for preppers.
