Silver has a great deal of potential upside.
There is less silver available today than there was 100 years ago as silver is consumed by industry . Silver is approaching an all time high vs the cost of gold it is 50 times more expensive than gold compared with a multiple of 30 in 1985 and roduction costs for silver when compared Gold is only 17 times as much.
So silver prices could be different if based on
- Gold / Silver price Ratio (at 1985 ratio) $60
- Production cost ratio $105