Silver in over night trading has managed to break out of its month long range of $33 - $34, at one point hitting $35.50. Likewise gold has maintained its break made yesterday, currently gold is trading at $1780.
Not surprisingly the Gold to Silver ratio has also fallen to approx 50:1. Of course this is nowhere near the historical norm of 12-16:1 or the more important current mining ratio of 9:1 but at least it is heading in the right direction for the silver bugs.
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