"Meanwhile, the gold to silver ratio had been at an “extreme level from a historical perspective,” with silver lagging gold significantly for many years, said Peter Spina, President of SilverSeek.com. The ratio was several ounces from the 100 mark which means that it would take 100 ounces of silver to buy an ounce of gold. On Thursday, the ratio was at about 88 ounces of silver to one ounce of gold.
The really big gains will be from the silver miners like First Majestic Silver Corp. AG, +4.99% and opportunities have been showing up in other small capitalization miners like Fortuna Silver Mines Inc. FSM, +2.30% and Endeavour Silver Corp.EXK, +9.48% said Spina, adding that he has “been accumulating many of these juniors over the past several months in anticipation of them doubling and much more as silver makes a move towards $20.”
Full Silver Article on MarketWatch:
- Disclosure: Peter has positions in the companies mentioned.