Silver Surged 28% in April. Its Biggest Monthly Gain in 28 Years
Posted on April 29, 2011Bloomberg is reporting that silver climbed 28% in April - its biggest monthly game in 28 years. Silver was helped by a tumbling dollar.
There is debate about where silver goes from here. An article here says a 4,500-year-old ratio will enable silver to soar as the gold to silver ratio stabilizes. Meanwhile, Motley Fool warns silver will fall by 66%.
Silver climbed 4% on Thursday alone on the tumbling dollar. Reuters has rounded up some comments from analysts. One analyst says silver has the possibility to be "more aggressive and outperform gold."