GD: Silver price shakes off early dip to trade back at new highs for the year
The silver price dipped in early trading trading today down to the lows of yesterday. But the turn around has been swift and is now trading at the highs new highs for day and for the year – clearly there is some strong appetite for silver on the dips.
The swift rejection of the dip is very encouraging if you’re a bull and might be enough to take gold over £31 today or tomorrow.
It also means that the gold:silver ratio continues to fall – it now trades around 53, down from 55 where it started the year.
