Silver Surges: 33% astonishing increase and new trend in gold/silver ratio.

On August 13th Beijing time, the price of silver significantly increased, reaching $38.52 per troy ounce, up 1.60% from the previous day's $37.91. So far this year, the cumulative increase in the price of silver has reached 33.32%, showing a strong upward trend. The relationship between silver and gold prices is also changing. The gold-silver ratio, which measures the number of silver ounces needed to equal the value of one ounce of gold, decreased from 88.31 on Tuesday to 87.23 on Wednesday. This indicates that the price of silver is increasing faster than gold, and the gap between their values is narrowing.