How high is silver going?  Well, based on the silver/gold ratio alone, one can make a case for silver at $80 - $100 per ounce.  Also, as gold becomes increasingly unaffordable as jewelry for most people, a silver substitute would imply a continued rally.

I'm not much for price targets -- fundamental factors can change rapidly and Mr. Market will be the final determining factor in any event.  I simply note that, even though silver seems to be quite high at this price, one can make a case for it going much, much higher.

Posted by: Hermit Dave at 12:41 PM | No Comments | Add Comment
Post contains 99 words, total size 1 kb.