The Conversation (0)
Silver Still Well Below $20/Ounce, Gold/Silver Ratio Hits Three-Year High
Jun. 21, 2013 05:33AM PST
Silver InvestingReuters reported that precious metals, including silver are still feeling downward pressure from the U.S. Fed announcement that monetary stimulus would be scaled back.
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.