Silver fell 1.7 percent on the day to trade at $31.16 an ounce

Silver fell 1.7 percent on the day to trade at $31.16 an ounce. The silver price, which often moves in tandem with gold, is set for a 3.3 percent fall this week and a near-9 percent fall in November.

The gold/silver ratio, which measures the number of ounces of silver needed to buy one ounce of gold, has risen by four weeks in a row to 53.93, its highest since early October, indicating gold’s outperformance relative to that of silver.

Tags: price of silver, Silver, silver analysis, silver news, silver price, Silver price today, silver prices, silver spot, spot silver

Posted by Silver Guru on Nov 25 2011. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry