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Silver Prices: Why They Could Easily Double from Here

Monday, June 22, 2015 4:37
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(Before It's News)

Historically, one of the most widely used (and accurate) tools to value gold has been the gold-to-silver multiple. This ratio tells us how many ounces of silver it costs to buy one ounce of gold. Currently, the gold-to-silver multiple sits at 74; it takes 74 ounces of silver to buy one ounce of gold.

In the chart below, you will see the gold-to-silver multiple plotted from 2005 to present.

From a historical perspective, since 1970, the gold-to-silver multiple has averaged 55.5. That means silver prices would have to rise to $21.00 an ounce today (from their current price of $16.00) for the historical average price relationship between gold and silver to be restored.

Continue Reading>> Silver Prices: Why They Could Easily Double from Here

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