Just using the previous lows in the GSR for a year back and three years back, shows that even if gold stayed right here at $2720, silver could see $37+ and $45+.

Of course gold will probably rise, at least a bit more, and nothing says the ratio can’t fall below the Oct 2021 low around 60. How far and how fast is anyone’s guess, but silver is headed to it’s ATH around $50, and beyond.