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Money News

Silver hits new 2-1/2-year high at $20.84 an ounce

A jeweller displays silver plates in the form of Indian rupee notes in Chandigarh October 10, 2009. REUTERS/Ajay Verma/Files

SINGAPORE (Reuters) - 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.

The gold-silver ratio, a measure of the number of silver ounces required to buy an ounce of gold, dropped to 61.21, its lowest in eight months.

(Reporting by Rujun Shen; Editing by Clarence Fernandez)

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