The price ratio between silver and gold means nothing. It is a relic of past centuries when the production of both metals exceeded demand for rather brief periods. Two examples were the California gold rush when there was a surplus of gold. The “Arrows and Rays” silver coins of the 1853-5 were a reflection of that. In the 1870s to the early 1900s there was a glut of silver. The “free silver movement” was a reflection of that. The truth is there is no “magic ratio” between the two metals. They are commodities whose prices nothing to do with each other. Attempts to have a bimetallic monetary system always failed. The truth was gold and silver coins were effective mediums of exchange only when their face value was more than their melt value. Otherwise people withdrew the coins from circulation. “16 to 1” was mostly a political slogan. If it were true, it was only valid for a rather brief period.
Oh, it's meaningful, exactly as meaningful as "pork bellies per barrel of oil". It's the ratio of the price of two commodities, no more, no less.
But if you have a "stake" in both, well, then..... I mean, who doesn't like munching pork bellies barbecued over a barrel of open flame Texas Crude?
That's an unusually terrible graphic. Why did they mirror it around the X-axis? Why did they leave off any scale levels? And what "values" are they comparing? The price of gold/silver in what market/venue? "Once the metal prices started to fluctuate due to market forces, the ratio did as well." At what point were "market forces" turned on for the metal prices? During what historical period were there not "market forces"?
All pm,s seem to be doing well, going to pick up a couple 1 OZ pamp bars today to add to the collection
"Ratios" are meaningless, guys. Oil and natgas used to trade at a 6:1 ratio, it's been closer to 30 to 1 for decades.