Silver is making history!
It's happening right now, this morning as I write. Silver has jumped almost $2 overnight, finally breaching a 45+ year old record of $50.35, set on January 18, 1980!
This was bound to happen. Its yellow cousin, gold hit $4,000 in the December Futures on Monday with the spot price catching up yesterday. At present, gold is hovering near $4,050.
As a result of silver's rise, the silver to gold ratio has fallen below 80:1 to 79.46:1, suggesting that silver still has a long way to go. The historical ratio, going back thousands of years has varied but the average is about 15:1. I don't think the silver to gold ratio has been below 80 since before the pandemic hit.
Silver has a real chance at this point to go to triple digits...
Silver has never risen this high against the U.S. dollar. It also appears to be surpassing $51. Where it stops from here is anybody's guess. This will be all over the news as the day stretches on but you caught here first on PublishOx!
The dollar is crashing against precious metals and this is significant. We are at a critical point.
Are you prepared?
