Global Silver Mine Production Drops in 2016 for First Time in 14 Years

This is a very important note to be aware of. Unlike Gold, Silver is very important not just to investors, but also to industry. The average silver to gold ratio; mining out of the ground; is about 9:1. 9 ounces of silver for every ounce of gold mined. Yet, the market ration between gold and silver is: 73:1. That's 73 ounces of silver for every ounce of gold. We all know that is bull shit. The reality is; even if you don't count the mining ratio, silver should currently be at 20-30:1 ratio over gold. That means today; Silver should be between $40-$60 an ounce.

But I've already discussed this topic. This post is about the mining reduction. This could have significant impact on the price because of Supply and Demand in the Industrial market. After watching this video, check out my next post which will be about 1 person's perspective on the potential price of silver screaming to new highs.

CYA: SE: