There is good news if you're hoping for an early spring. Famed prognosticator Punxsutawney Phil has predicted a swift end to winter, after failing to see his shadow.

And just to be clear... Punxsutawney Phil is a groundhog.

"And so ye faithful, there is no shadow to see, an early spring for you and me," shouted Bob Roberts, one of Phil's handlers, according to ABC news.

Legend has it that when a groundhog emerges from its burrow on 2 February and sees its shadow, it means that the winter will last for six more weeks. If not, then it indicates the arrival of spring is just around the corner.

Saturday marked the 127th Groundhog Day and thousands of people were seen gathered in the small town of Punxsutawney, Pennsylvania, to witness the ritual of prediction made by Phil. The tradition of celebration of the Groundhog Day was started by Pennsylvania's earliest dwellers and the first official trek to Gobbler's Knob was made on 2 February 2, according to

"Punxsutawney Phil, the King of the Groundhogs, Seer of Seers, Prognosticator of Prognosticators, Weather Prophet without Peer, was awakened from his borrow at 7:28 a.m. with a tap of the President's cane," announced the Groundhog Club, according to .

When asked if Phil's predictions had any weight, Bill Deeley, who is president of the Groundhog Club's Inner Circle, said: "He's pretty darn accurate. He sees his shadow about 80 percent of the time and the other 20 percent he doesn't."

The onlookers of the ritual were seen dressed up in top hats and tuxedos, while some others wore heavy coats to fight the cold.

Scroll down to see pictures of Groundhog Day...