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Home Gold News Divergences In Ratios Show Silver Is Undervalued

Divergences In Ratios Show Silver Is Undervalued

by daisy

Summary

  • Today’s silver spot price is about $23.50 per ounce; so a move to $30.00 would be a 28% jump.
  • According to the World Gold Council, an estimated 208,874 tonnes of gold have been mined.
  • According to the U.S. Geological Survey, about 1.74 million metric tons of silver have been mined.
  • Institutional investment has averaged under 0.5%, so moving to the historical mean of 3% would be a six times greater investment into silver and gold.

Last week, Citigroup analysts published a report calling for silver to reach $30 per ounce within 9 months. Could Citigroup be exaggerating or on target? Today’s silver spot price is about $23.50 per ounce; so a move to $30.00 would be

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