Silver becoming the New Gold

Silver price which more than doubled in the last 12 months (that's four times faster than Gold which was up by 25% ) climbing to its most expensive level versus gold since 1983.Silver is catching Gold up quite fast becoming the new Gold , Silver as a precious metal like gold is used as a hedge against the weakness of the dollar it is also the most widely used precious metal in industry , there is also the China factor which has become recently a net importer of silver , political uncertainty in the world largest silver produced Peru may add further impitus in the near term to silver prices