Gold and silver have always held a close correlation with each other, with silver usually outperforming gold in bull markets, as it did this year.
Assuming a $4,000 gold price target in two to three years’ time, which is roughly a 100% increase from current levels, and assuming a normalization of the gold-silver ratio to 40-1, then silver should be trading at $100 by the time gold doubles in value, said David Morgan of TheMorganReport.com.
“The last time we had that run in silver in 2011, we’ll look at something similar, so at that time it got to about 33 to […]
Full Post at www.kitco.com