Is silver surpassing gold? The gold-silver ratio drops to its lowest level in 5 years

Silver's performance is standing out. As of December 22, silver has risen to $69 per ounce, recording an astonishing 139% increase since the beginning of the year. This growth significantly outpaces gold's 68% rise, making it clear what is happening in the market.

On the other hand, how is physical gold doing? It has been trading above $4,400 per ounce, showing steady growth this year as well. However, compared to silver's momentum, it appears relatively less impressive.

As a result, the gold-silver ratio has fallen to 60.027. In other words, silver is gaining relative dominance over gold, and this ratio is at its lowest level in about five years. Generally, a lower ratio indicates that silver is relatively undervalued, which is attracting increased attention from traders.

In the altcoin market, activity is also intensifying, with several key resistance levels showing signs of being broken. In the precious metals and cryptocurrency markets, new trends are forming toward the end of the year, and the situation continues to be one to watch closely.