Silver Still Well Below $20/Ounce, Gold/Silver Ratio Hits Three-Year High

Reuters reported that precious metals, including silver are still feeling downward pressure from the U.S. Fed announcement that monetary stimulus would be scaled back.

As quoted in the market report:

Silver also dropped to its lowest since September 2010 at $19.35, before recovering to $19.82 an ounce, up 1.3 percent. The gold/silver ratio, which measures the number of silver ounces needed to buy an ounce of gold, rose to a near three-year high at 65.5 on Friday.

To view the whole Reuters report, click here.