Experienced stackers would be familiar with the Gold to Silver Ratio (GSR) as a common reference to how these two precious metals valuations compare to each other. Generally when the GSR hits extremes one way or the other it's a good time to make a preference for buying or selling one metal or the other, or even to swap between the two. I have been thinking recently about our fundraising here at SGS but before I get into that I wanted to have a look at The Hive to Silver Ratio...which I'll reference here as the HSR.
Source
It's a bit tricky to get a nice chart for the HSR without doing some data extraction and building up a spreadsheet of my own, but I thought I could get a quick sample and take a few snapshots by using the compare feature on the CMC Markets website.
To get the Silver price on CMC I used the crypto KAG which is a Silver-Backed-Crypto and it does follow the Spot Silver price in US Dollars fairly accurately. I'm looking back over the last 18 months for a specific reason and if you've had a close look at the chart above you might see a clue there as to what that reason is.
I've marked 2 snapshots on the chart which are the dates that tickets went on sale for our last 2 Monster Raffle Fundraisers here at SGS and of course I am also looking at the prices today. They are as follows :-
| Date | Silver Price | Hive Price | HSR |
|---|---|---|---|
| 16-Sept-23 | $23.18 | $0.300 | 77.27 |
| 1-July-24 | $29.42 | $0.215 | 136.84 |
| 11-Jan-25 | $30.41 | $0.554 | 54.89 |
So you can see that the HSR is fluctuating quite a bit, but especially in the last few weeks it is dropping like a stone. I'll make another post about what this might mean for our future fundraising efforts here at SGS, but for now I think it's worth considering that this HSR is probably worth tracking. Especially if the Hive price keeps pumping the way it has been recently.
That’s an interesting chart. Do you think this spike will hold?
I think we're going to see some insane volatility in 2025. I hope it holds, but not at all confident.
And thus, a new metric is born that gauges the likelihood for the next MONSTER RAFFLE?
Are we to understand that this way?
Well...possibly. I'll delve into that in a future post, but I think it could (or should?) be a factor to consider.
Interesting!
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Silver price started to rise , Now it's time to go up, Silver is getting ready.
Silver is slowing going up tough... Hive will do up and downs I guess