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Canadian Stock Movers for Friday | Aritzia Inc Was the Top Gainer; Education Led Gains
Earnings Preview: PAAS to Report Financial Results Post-market on May 07
Gold futures in New York fell about 2.2%, breaking below the $3200 level.
On Thursday (May 1), at the New York close, spot gold fell by 1.52%, reporting at $3238.88 per ounce, ‘almost’ in a state of decline throughout the day, trading mostly below $3240, and at 20:02 Beijing time, it dropped to $3202.04, approaching the April 14 bottom of $3193.74. COMEX Gold Futures fell by 2.19%, reporting at $3246.90 per ounce, and at 20:02 it also dropped to $3209.40. The Philadelphia Gold and Silver Index closed down by 3.58%, reporting at 180.78 points. Gold and silver mining stocks (not necessarily components of the gold and silver index).
Pan American Silver (PAAS) Reports Next Week: Wall Street Expects Earnings Growth
Update: Aris Mining Edges Up as Its Chief Financial Officer Plans to Depart
The gold-silver ratio has rarely broken 100! Silver is expected to welcome a valuation repair window.
As of April 21, 2025, the price ratio of Gold to Silver (hereinafter referred to as the gold-silver ratio) has risen to 105.26, well above the historical average of 50 to 80. A gold-silver ratio over 100 signifies extreme pricing in light of stagflation risks and indicates that the window for Silver valuation recovery is gradually opening.