Gold-silver ratio, Feb. 3 -- The precious metals staged a smart comeback on Tuesday, February 3, after two days of relentless selling, marking one of the worst declines for the gold and silver prices in decades.

Spot gold prices rallied nearly 6% in the international market to $4,935, putting them on track for the best single-day gain since November 2008, as per a Bloomberg report. Meanwhile, spot silver prices 10% to $87.40 an ounce on Tuesday.

At the peak of the precious metals rally, which halted only last Friday, the gold-silver ratio had slumped to 44 levels. But as silver slumped 30% in two days and gold lost almost 9%, the gold-silver ratio has improved to near 60 levels.

The gold-silver ratio measures the relative value between...