In overnight trading, the price of Silver moved past $33.00 per ounce. Silver is surging through key resistance levels at the most inconvenient of times for banks and others who are holding paper shorts. Many experts have pointed to a breakout above USD $33 per troy oz as a key level to monitor that would leave anyone shorting this market scrambling.
As the US markets open trading this morning, we are watching the battle over $33.00 per ounce unfold in front of us.
Gold has been all over the headlines recently. It's nice to see the silver chart looking up and to the right now. And if we look at the Gold-to-Silver ratio, it's coming down but it's still in the high 80's (currently 1 oz of gold is equal to 88 oz of silver).
In the last major bull run, the Gold-to-Silver ratio got into the 30's. This is a massive signal for silver and the potential upside to come in another big bull run.
You can track and monitor the gold-to-silver ratio on our website here: https://sdbullion.com/gold-silver-ratio
As a reminder, when you order at SD Bullion, your order is locked in at the time you place the order.
