from King World News
On the heels of a strong rally in the metals on Friday, what is happening right now in the silver market may send gold and silver prices soaring.
Gold & Silver Looking Good
August 28 (King World News) – James Turk: Both gold and silver are looking good at the moment, Eric, but I want to focus on silver for two reasons. It may not seem like there has been much upside progress, considering that silver nearly touched $30 three weeks ago. But what’s important is what silver’s price action is telling us. First, silver is leading precious metal prices higher. We know that because since March, the gold/silver ratio has dropped from 125 ounces of silver to equal one ounce of gold to around 70.