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Silver price plunges quicker than gold

Posted on 09 July 2013

The price of silver has plunged quicker than that of gold since Federal Reserve boss Bernard Bernanke’s positive comments on the US economy three weeks ago. In that time silver’s price has plunged 13 per cent to about $US18.80 ($A20.86) an ounce currently - and 35 per cent for the year - compared to a fall of less than 12 per cent for gold.
That’s a far cry from the record high prices close to $US50 in 2011, which many predicted would return in 2013 until Dr Bernanke’s comments………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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