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Is Silver Price Lagging Behind Gold Price?

You probably had been hearing a lot about this. I kept hearing this from seminars and some investment gurus. So, I decided to do a simple research and analysis. Here is what I had come up with: The table below shows the Price Ratio of Gold/Silver and the 5-YR Simple Moving Average. To see better, plot a chart to see how the ratios moves over the years. I'd plotted using annual and its 5 period simple moving average. This chart showed that the average price ratio advanced over the years. However, recent 10 years, there seems to be some fluctuations. In fact, it seems that silver price had advanced more aggressively than gold price resulting in a drop of the price ratio. I don't know what the experts based on. If silver price were to advance more than gold, it will bring the ratio even lower near to the ratio 20 years ago. However, if you based on recent 10 years, silver price has to retreat or gold price has to advance in order to go back to the average. Even though the current