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Silver Wheaton Corp. Message Board

  • quailrunrd quailrunrd Jul 27, 2013 4:39 PM Flag

    Silver prices are on the launch pad and the engines are ignited!

    The U.S. mint is currently on pace to sell 45 million silver eagles in 2013, an all time record. (Check Mike Maloney's web site) The U.S. only mines 33 million ounces of silver annually. Take the mint sales and add sales of silver for industrial uses and one can see the supply demand curve is getting out of whack.

    And then Eric Sprott informs us that sales of silver bullion currently outpace gold bullion by a ratio of 100 to one. However, the ratio of mined silver ounces to gold ounces is approximately 11 to one. So once the PM markets regain their sanity, silver prices as well as silver miners should enjoy a faster ride up than those in the gold arena, GLTA

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