SILVER IS SCARCE AND VERY HARD TO FIND.. JUST LIKE GOLDI find the Gold / Silver price ratio are totally wrong .. making Silver extremely undervalued.
Few weeks ago, The Gold / Silver price ratio was 100 ???
Yesterday, showing improvement down to 80
Gold / Silver price ratio of 80 still makes Silver extremely undervalued.
The 2019 Annual mine supply in tonnes ~~> Gold 3,464 versus Silver 26,018
The Ratio difference is only 7.5
Let's look at the estimated below ground reserves in tonnes,,,
Gold 54,000 tonnes vs Silver 530,000 ~~> once again the Ratio is under 10 ( only 9.8 )
Total Mine production since 1900 to now ... works out to be a Ratio of 8
Gold price should only be worth 8X more than Silver.
Ultimately the price will adjust .. Silver will go up more to re-adjust the Gold / Silver price ratio.