Chart of the Day - Friday, October 3, 2025

🏆 Today's Chart of the Day was shared by Jim Knarr (@ChartMonitor).
 

• The Silver ETF ($SLV) just printed its third-highest weekly close on record, as the metal tests its 2011 peak and completes a 14-year base.
   
• The Gold ETF ($GLD) is on track for its best year since inception, gaining +48% YTD. However, Silver has started to outshine, with $SLV now up +65% YTD.
   
• Jim notes that the Silver/Gold ratio is finally breaking a four-year downtrend, signaling continued leadership from Silver in the months ahead. This also confirms a growing risk appetite for precious metals.
  
  The Takeaway: The Silver/Gold ratio is starting to crack a four-year downtrend, signaling further leadership for Silver while the metal sets the stage for a massive breakout on an absolute basis.