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Tuesday, December 7, 2010
Is Silver the Next Gold? - Seeking Alpha
Is Silver the Next Gold? - Seeking Alpha: "With gold hitting another historic high Monday, I thought it might be worth taking a closer look at another precious metal on the move and one that's at a fresh thirty-year trading high: silver....Second, and somewhere between the technical and the fundamental is the gold/silver ratio or the number of silver ounces it takes to buy a single ounce of gold. Specifically, it is very close to hitting a decade-long area of support found around 45/1 and this suggests that silver will trend higher yet.
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