Silver Explodes: Precious Metal Price Reaches 11 Month HighBy Joshua Krause Silver, however, has been lagging behind. Despite normally keeping pace with gold, silver has only increased 8% this year, but that may be about to change. Silver was up by more than 4% on Tuesday and briefly reached over $17 an ounce; the highest its been in 11 months. Its believed that the gold-silver ratio is whats driving the price. The two metals typically rise and fall together, and investors believe that silver is poised to catch up to gold. But more than that, the price of both metals has grown in light of a weakening dollar, volatile markets, and concerns that a major recession is on its way. Most hedge funds are currently betting that the gold rally isnt over yet, and the number of contracts on gold futures hasnt been this high since 2012. What do you think? Is gold and silver finally ready to break out and recover from the losses of the past few years? Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshuas reports at Facebook or on his personal Twitter. Joshuas website is Strange Danger. EXPLODE???? geesh, I looked and the price was only up ONE or TWO dollars in a quarter of the year! Not too long ago it was around THIRTY bucks higher! I cant see any explosion, not even close! How about some REALISTIC reporting???? Im all in with silver and gold explode away. 