Silver Surged 28% in April. Its Biggest Monthly Gain in 28 Years

Bloomberg is reporting that silver climbed 28% in April - its biggest monthly game in 28 years. Silver was helped by a tumbling dollar.

There is debate about where silver goes from here. An article here says a 4,500-year-old ratio will enable silver to soar as the gold to silver ratio stabilizes. Meanwhile, Motley Fool warns silver will fall by 66%.

Silver climbed 4% on Thursday alone on the tumbling dollar. Reuters has rounded up some comments from analysts. One analyst says silver has the possibility to be "more aggressive and outperform gold."

Posted on April 29, 2011

More from Traders Trade