The message: There's been a fundamental shift, where precious metals investors see silver as the "more-affordable" true-money option. So, I expect this newer 50:1 ratio to hold, and perhaps to even decline - which portends a relative outperformance for silver versus gold.
And that brings me back to my price prediction. If we use the current 50:1 ratio - and my expectation that gold will be trading at $1,900 an ounce by the end of 2011 - I believe we're looking at a target price for silver of $38 an ounce.
That represents a 33% return over the approximate price of $28.50 an ounce at which silver was trading at midday yesterday (Wednesday). That's a target I believe to be very realistic, given the times. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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