Gold/Silver ratio at 80 again

The robust 4% rise in US equity markets yesterday cannot really serve as an explanation either, after all, it only happened in the last two hours of trading, and thus after precious metal prices had already fallen. 

The gold/silver ratio climbed as a result to 80, which was last the case at the end of 2008 during the economic and financial crisis. Palladium, which had already slumped by more than 6% the day before, continued to nose-dive and hit a five-year low of $520 per troy ounce. 

"One possible explanation is that any postponement of a Fed rate hike to a later date this year would mean waiting longer for it, and this uncertainty is more damaging to precious metals than the rate hike itself", says Commerzbank.