Silver Strengthens as Gold Weakens

Most of the time, the price of silver tends to vary in accordance with how gold prices are doing, but 2009 has had silver gaining value even as the price of gold falters in its growth. While silver is up 3.1 cents in the New York Mercantile Exchange, landing at $14.191 per ounce, gold has dropped $10.90 and is now valued at $942.30 per ounce.
 
Throughout 2009, silver has increased in value by 26 percent, while gold has only risen a moderate 6 percent. Silver has historically been referred to as “poor man’s gold,” purchased at times when the dollar is …read more