Quote:
Originally Posted by Krovikan
Ah, ya, the price of resources in my mind is very complicated. Since I am in Information Security, I'm an expert on mining lol; so I did some quick googling. It looks like the demand for silver is 991.8m oz and the demand for gold is 154m oz.
Gold demand: https://www.gold.org/goldhub/data/go...and-statistics
Silver demand: https://www.silverinstitute.org/silver-supply-demand/
It looks like both gold and silver outpace demand with supply, though silver seems to outpace by 50m oz vs 10m oz with gold.
The cost to mine gold is $1,000 per oz vs $10.56 for silver.
Gold Average: https://www.mining.com/featured-arti...n-the-world-q1
Silver Average: https://www.americanbullion.com/what...-silver-today/
I found this research very illuminating, also based on this research silver below $20 means the price should go up as mines slow down. Silver at $30 is quite profitable for the mines; when looking at ROI more profitable then gold.
Disclaimer: In the discussion here, I ignored market hedging as that is quite a chaotic variable and just focused on the real-world markets of the two resources. |
There has been much debate over the above as silver is typically mined in conjunction with other metals such as gold, lead and copper. Thus the allocation of costs between the main metals and the byproduct silver can be greatly skewed.
Yamana is a gold miner but just by sheer volume is actually one of the larger producers of silver compared to the silver stocks that are trading.