New Delhi, July 17 -- The Gold-Silver Ratio (GSR), a key indicator used to measure the relative strength of silver to gold, has plunged nearly 20% in recent months - from a peak of 107 to around 88 currently - signalling a sharp outperformance of silver compared to gold.

The drop in the ratio is driven by a contrasting trend in prices of the two precious metals. While MCX gold prices have declined nearly 2% in the past one month, silver prices have surged more than 7% over the same period. MCX silver price recently hit a record high of over Rs.1,15,000 per kg.

"A steep fall in the Gold/Silver Ratio shows silver's significant outperformance, which usually hints at a broader shift in momentum toward risk-on behaviour in metals," said Ajay...