All that will shine is Silver!

An ounce of Gold is priced around 60 times to that of silver and you will be surprised to learn that silver is having better utility as compared to gold and there are less stocks of silver as compared to gold. With above facts in place the prices of gold Vis-à-vis silver do not compliment the real facts, I believe that the opportunity existing with silver are immense and no other commodity can be as much profitable as silver in years to come.

There are three interesting fact to compliment my though process,

1) There are not much dedicated mines for extracting silver the way there are mines for gold, coal, diamonds etc. Silver is an outcome of the mining activities happening globally for various reasons and not much of term as silver mines exist, which implies that if we wanted to increase the production of Silver suddenly we simply can’t.

2) Silver will be more profitable as compared to gold in the longer run because, Silver now a days is finding wider industrial application right from batteries, electric appliance, glass tint, pharmaceuticals etc; to catalyst to many reactions. Silver used in any of the industrial application is difficult to recover unlike Gold which can be recovered from the ornaments.

3) Today globally the silver inventory is around 250 million ounces and most of which is tied up and unavailable, today the silver inventory are lowest of last 200 years. Industrial requirement of silver is around 900 million ounces a year, and Mining and recycling fall short of providing the necessary silver.

Looking at this facts, silver outlook seems brighter but will it outshine gold is a debatable question and can only be answered in the time to come, but looking at the facts and figure Bull Run in silver will continue.

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