Silver has been outperforming gold this year, with a 100% year-to-date increase compared to gold’s 55%. The gold/silver ratio has historically favored silver when spiking above 100, but it is currently at 65.5%, signaling a possible shift back to gold. This presents an opportunity to rebalance towards gold if you are heavily invested in silver. While both metals could fall in value, silver is likely to drop faster than gold. Consider investing in gold as it may be relatively cheap compared to silver at this point.

As an experienced market strategist advises, it may be a good time to close out silver options and look for a buying opportunity in gold, whether through a breakout or a pullback in price.

Read more at Barchart: After a Record-Setting Run, This Signal Says Silver Prices Might Be Peaking. Here’s How to Play It.