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After months in the gutter, the poor man's gold is finally "movin' on up." Silver popped nicely, rallying nearly 7.5 % from low to high over the past two weeks, beating gold's 4.8% gain. No longer getting solidly trounced by its richer cousin, silver is striking back. In last week's blog, we discussed just how cheap silver (and platinum) were vis-à-vis gold. While certainly less so now (see chart below), silver remains extremely undervalued relative to gold.
The gold/silver ratio has dropped a little more than 6 full points in the past week, falling