Silver Surges To 21-Month Highs, Gold-Ratio Crashes

While gold surged to its highest since March 2014 on Brexit; Silver is nearing $19, up almost 9% since Brexit, breaking above Jan 2015 highs to its highest since Sept 2014...

 

 

Gold has not been this 'cheap' to Silver since May 2015...

 

If gold is institutional safe-haven buying then many argue the surge in silver is retail rotation out of fiat.