What is Happening Right Now in the Silver Market May Send Gold & Silver Prices Soaring

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.

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