This paper deals with the acoustic and elastic properties of resonant wood, classified into four classes, according to the classification of wood quality by the manufacturers of musical instruments. Traditionally, the quality grades of resonant wood are determined on the basis of the visual inspections of the macroscopic characteristics of the wood (annual ring width, regularity, proportion of early and late wood, absence of defects, etc.). Therefore, in this research, we studied whether there are correlations between the acoustic and elastic properties and the anatomical characteristics of wood used for the construction of violins. The results regarding the identification of the anatomical properties of resonant spruce, the wood color, and the acoustic/elastic properties, determined by ultrasonic measurements, were statistically analyzed to highlight the connection between the determined properties. From the statistical analysis, it can be seen that the only variables with the power to separate the quality classes are (in descending order of importance) the speed of sound propagation in the radial direction, Poisson’s ratio in the longitudinal–radial direction, and the speed of propagation of sounds in the longitudinal direction.