Silver is the new gold
``Silver is the new gold,'' asserted Religare Commodities president Jayant Manglik last week in a Times of India interview, noting that silver has already handily beaten major analysts' average 2011 projection of ~$30 an ounce in the first two months of the year.
Spot silver hit a new 2-1/2-year high of $20.84 an ounce on Friday, as it catches up with a rally in gold.