Silver Update: As Expected Silver Not Break $22 and Hit $23.37 Boom

Silver Rates @ 26-year Low in Relation to Gold, Should Investors Buy?

The silver rates in comparison with the rate of gold is at a 26-year low. The ratio of gold rate to silver rate is currently around 90, the highest after March 1993. A higher ratio indicates that silver is much cheaper than gold. If silver is so cheap relative to gold, should investors consider buying the precious metal?

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Gold Prices

Gold Prices Gain on Firm Global Cues, Jewellers’ Buying

Gold Silver Reports – Gold Prices Gain on Firm Global Cues, Jewellers’ Buying – Gold prices advanced by Rs50 to Rs31,250 per 10 grams on Monday in tandem with a firm trend overseas along with sustained wedding season buying by local jewellers. Silver prices also recovered by Rs150 to Rs39,200 per kg on increased offtake by industrial units and coin makers.

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