Silver and gold prices con­tinued to rise today: In New York, silver futures almost hit $50 an ounce, which would be a thirty-​​year nom­inal high, before set­tling at $47.15. Mean­while, after breaking the $1,500 mark for the first time last Thursday, gold futures also climbed, hit­ting $1,508.60 per ounce at the end of trading. Traders pointed to “a falling U.S. dollar, infla­tion fears, wor­ries about mounting gov­ern­ment debt bur­dens and con­tinued unrest in the Middle East and North Africa” as rea­sons for the rise in silver and gold prices. For cen­turies, silver and gold had a stable rela­tion­ship. For example, in the early 18th cen­tury, Issac Newton set the gold/​silver ratio at 15.5, a ratio that held for over 100 years. But is the rela­tion­ship still stable?

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