Why has silver not reached its 2008 high of $20+

[jim4silver]

I am starting to wonder why silver has not yet reached its 2008 high while gold is making all time new highs?

I know that percentage wise silver has supposedly gone up more than gold in the recent past, but that does not change the fact that it is still about 20% from its 2008 high.

Any ideas (other than the usual silver is manipulated theory)?

Jim

 

[jeff of pa]

Can't think of any other reason Jim

Actually it should be over It's 1980 all time high
of $49.45

 

[goldsworthy]

Its heading that way fast! Metal Bid Ask
Gold $1,056.50 $1,057.50 13.10
Silver $17.77 $17.82 0.31
Platinum $1,336.00 $1,346.00 19.30
Palladium $315.00 $320.00 5.00

Updated:10/8/2009 4:01:44 AM CST