Alexei Ulyukayev, Deputy Chairman of the Russian Central Bank said Wednesday that Canadian dollars were added to it's international currency reserve.
Russia's Central Bank will also increase its gold reserve and add Australian Dollars to it's international currency basket to reduce dependence on the US Dollar.
Silver is in the 18th year of this historical bull market.
The price of silver hit it's all time low at $3.50 U S Dollars per troy ounce in 1993.
1 troy ounce = 31.1034768 grams
1 avoirdupois ounce = 0.911458 ounce troy
12 troy ounce = 1 troy pound
16 ounce = 1 pound avoirdupois
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