Why poor man’s gold may be about to get more investor love
Tuesday, April 12, 2016 at 01:46AM
Silver Prices

Silver now trading at lowest level relative to gold in seven years.

Ranjeetha Pakiam and Eddie van der Walt (Bloomberg) | 10 March 2016 13:47

Silver hasn’t been so cheap relative to gold for more than seven years and with mine supplies forecast to contract this year that may be a sign it’s ready to come out of the yellow metal’s shadow.

Mine production of silver will probably drop in 2016 for the first time in over a decade and demand is set to outstrip supply for a fourth straight year, says Standard Chartered Plc. Much of the world’s silver is extracted from the ground with other minerals, and output cuts announced by the biggest miners will hurt supplies of the metal as well as others such as copper and zinc.

Silver’s 10 percent advance this year has trailed gold’s 18 percent surge as financial turmoil and worries about a global slowdown sent investors flocking to the yellow metal as a haven. An ounce ofgoldbought about 83 ounces of silver last month, more than any time since the financial crisis of 2008. That’s a signal to some that it’s relatively undervalued and will narrow the gap.


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Despite the rally silver still can't make it above $16.00/oz and stay there, therefore no new higher high

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