As gold has rallied over the last few months, silver has lagged behind. The silver-gold ratio spread to near-record levels. This tells us that silver is extremely undervalued compared to gold. But last Tuesday, that spread began to narrow ever-so-slightly and silver crossed a key price level on Thursday. Could this be the beginning of the breakout in silver we've been expecting? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what's going on in the silver market, along with the big leg-up in gold this week. He also highlights the ever-growing levels of consumer debt and tells you the latest on China's move to dump US bonds.

Visit the show notes page here: https://bit.ly/2Z0Uv7p

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.