RE:RE:Silver/Zinc Fallout As Rising Energy Costs Close Smelters"I believe 15:1 was like a hundred years ago and in modern times it's never been near that..."
Right, current norm is usually in the 75/1 to 80/1 range. As of 12:45 today is was 79/1. Silver went down 3% today and gold .75% which put it at the higher end. Silver has many modern industrial uses including electronics, solar panels and electric vehicles. Silver prices are no longer driven by jewelery for the masses. At 78/1 gold/silver, $3000 gold nets you $40 silver, but it will all be about industrial demand.