I know silver has gone up in price but in my opinion, I think that silver have hot follwed the run up like gold has because of how the two metals are treated. Gold is treated as a hedge against inflation (or the devalue of paper money) while silver is looked at more for its industrial use (which includes silver tea sets, etc...). Since the economy is bad, some people may think that the demand for silver will be low. Until they think of it as a hedge against inflation, silver may not follow gold's run-up. (I am not a metals trader, just an average guy.)
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