Sentiment v Supply/Demand
Sentiment v Supply/Demand Reality in Silver and Gold:Silver price ratio hits 1:65!
We’ve posted before there is only 4.5 more silver above the ground than gold. The US Geological Survey predicts at current consumption and extraction rates silver would become extinct within 7 years. Given this, an extraction rate of only 1:9, and pricing at 1:65; it doesn’t take a genius to figure out there should be a sizeable correction to the upside for silver soon. Over 1000’s of years the historic gold to silver price ratio was a bit over 1:15, and now strong demand and weak supply versus sentiment around a man’s words about what MIGHT happen…