Just noticed silver had a solid day recently. Price jumped to $77.89 per troy ounce, up about 3% from the previous session. That's pretty solid movement, and year-to-date we're looking at nearly 10% gains for the white metal.

What caught my eye though is the current gold silver ratio shifting to 61.40, down from 62.72 the day before. When that ratio tightens like this, it usually means silver is catching up to gold's strength. The ratio tells you how many ounces of silver you'd need to equal one ounce of gold, so a lower number means silver's getting relatively more expensive.

Interesting to watch these two move in tandem. Silver's been on a decent run this year, and if this current gold silver ratio continues to compress, we might see more upside coming.