by Keith Weiner
Well that was interesting. Gold went down over thirty bucks and silver went up over thirty cents. How much longer can this silver rally continue in the face of gold’s nonparticipation? Will speculators really be comfortable bidding silver up to $20 while gold sits at $1200? Do the fundamentals support a higher silver price?
How is silver different from gold? Aside from being a lot cheaper per ounce, and that an ounce of silver is almost twice as bulky as an ounce of gold.
There are two differences. One is that Silver has industrial demand. While virtually every ounce of gold ever mined in history is still in human hands, some silver is consumed.