Platinum is the new kid on the bloc - undervalued & my dope says it will probably outperform all metals in 2011
Silver is trading right now at a 40 to 1 ratio to gold. Silver occurs in nature at a 17.5 to 1 ratio to gold. So either silver will go to $80, or it will stay here (at $36.30 as of this writing) and gold drop to about $600. Which sounds more likely? Also, the silver supply is much lower than the gold supply on an oz by oz basis. The laws of supply & demand state that the more rare a commodity the higher its value. Some people speculate that silver could get close to golds price just based on that. I dont believe it though. I think best possible case we could see a silver/gold ratio of 10 to 1 which would put silver at $140, but at those prices, im sure alot of people would be going into the silver mining business and quickly amp up the supply.
======================== Emr Sell volume has increased[somewhat bearish ] but 50 dma,, donchian channel,, price uptrending most time frames,, parabolic stop & reverse, most great UP trending [bullish]..... Commodities can trend much more than 100%; not really like stock trends, even though silver spent 1 year in a downtrend even in a great multi DECADE UP trend............................................................................................