May 23, 2019 Guest(s): Bill Baruch President, Blue Line Futures
The gold-silver ratio tested 89 recently, the highest level since 1993, as silver still fails to show signs of life, but this may be a good opportunity to buy the metal, said Bill Baruch, president of Blue Line Futures.
Spot silver closed at $14.41 an ounce on Wednesday, having stayed relatively flat during the trading session.
"I think there's going to be a lot of value down here. We could see $14 [an ounce], it's an eyelash away basically, given some of the moves we've seen over the last year, but be ready to buy down there. I think there's a couple of ways to look at it, and right now, if it doesn't get to $14, a nice way to get some exposure is to look at selling $14 puts," Baruch told Kitco News.