Digital News Report – While both gold and silver are ascending in value, the silver metal is making substantial gains over the golden precious metal. On April 1st , the ratio between silver and gold was 38. Today that ratio is 33.
June futures on the COMEX were up $2.49 (+5.53%) to $47.54 an ounce.
Commodities in general were higher. Gold, silver, palladium, and platinum were all higher. Cooper was down.
According to Kitco, the current spot bidding price for silver was $48.40 with a high of $49.57. The asking price is $48.42.
Light sweet crude for June delivery was up 65 cents (+0.58%) to $112.86.
By Tina Brown