Silver’s industrial applications are consuming the metal. There is currently a total of only 1,234,590,000 “investable” ounces of silver in above ground supplies. At US$ 26 per ounce, the total value of above ground silver comes to only about $31 billion.
By contrast, because pretty much every ounce of gold ever mined still exists, there are a total of 4,585,620,000 “investable” ounces of gold in above ground stocks. At US$ 1,380 per ounce, the gold stock is worth over US$ 6 trillion .
Thus, the silver/gold ratio is currently about 54:1, yet the total value of all the investable gold on the planet is about 235 times that of silver.