Bloomberg analyst: The high gold-silver price ratio indicates that risk assets may face a lose-lose situation

Mars Finance News: On May 21, Bloomberg Industry Research Senior Commodity Strategist Mike McGlone stated that the gold-to-silver ratio typically peaks when the Federal Reserve ends its loose monetary policy—the gold-to-silver ratio of 100 on May 20 is approaching the highest quarterly closing level in history (reaching 113 in the first quarter of 2020). Unlike previous peak periods, the current situation lacks the key element of Federal Reserve's loose policy, which may indicate a lose-lose scenario for risk assets. McGlone explained that the current gold-to-silver ratio (around 100) has limited predictive significance for economic trends—if the gold-to-silver ratio of 100 on May 20 remains above 91.5 at the end of 2025, it will create a historical high year-end value, typically signaling unfavorable global economic prospects. The ratio's peaks occurred during the US economic recessions of 1990-91 and 2020, but this time lacks a key prerequisite condition—the Federal Reserve's loose policy has not yet bottomed out.