One of the rarest signals in the commodities market has just appeared.
The ounce of silver has now surpassed the value of a barrel of oil — a very rare event.
The last time we witnessed this inversion in the ratio was at the height of the 2020 crisis.
It is a significant market imbalance, suggesting that focus is shifting towards preserving wealth and hard assets at the expense of consumption energy.
In other words, the market is sending a clear message: real money has become more valuable than energy itself.
And when these ratios flip sharply in this way, it often indicates that central banks are preparing to intervene.