In Depth Silver Analysis
Gold and silver have remained in a long consolidation phase with no indication at this time when that may change. Meanwhile, Ahead of the Herd published this in depth look at the long term prospects for silver which remain solid. Below is an extract from the conclusion of the report. ==================================================================== Conclusion "As stated at the top, the correlation between gold and silver since 1975 has been 0.8876. The 10-year correlation coefficient is 0.7511 . However this year, the correlation has dropped significantly to 0.1959. Despite the weaker correlation between silver and gold prices this year, only 0.19 compared to the normal 0.88, silver followed gold downward in June, after a US Federal Reserve meeting suggested that the Fed could reduce its $120 billion monthly bond-buying program. Silver mining stocks, particularly producers whose fortunes are closely aligned with the silver price, saw a correction. They remain deeply undervalu