Historic Silver Prices

All-time high: $ 806 per ounce, adjusted for inflation in USD from 2016; Silver to Gold value around 1500: 11 to 1, later 16 to 1, 2020: over 125, now fallen to below 60.

Manipulated Silver Price

Silver is very undervalued since decades. In a manipulated market, the silver price is artificially low. Demand has exceeded supply for years and is increasing at about 4% per annum. This is trivialized by • Forward Contracts: Silver is sold that has not been produced / mined yet. • Lending: Trade in leasing contracts, loaned silver; • Silver certificates: Silver inventories are pledged multiple times.

Silver reserves

• Silver is a limited resource and appears solid, predominantly on the surface of the earth. In contrast to gold, the concentration of silver decreases with increasing depth, making silver mining more and more expensive. • Silver is mined as a by-product in 70% of cases, therefore production is hardly increased due to higher silver prices. • Unlike gold, silver is consumed industrially, with demand increasing sharply. These facts suggest that the old silver-gold price ratio could be regained from about 15 to 1 and even surpassed in favor of silver.

In comparison to gold at a silver purchase there is due a value added tax. Or silver can be kept in duty-free warehouses which charge a fee. So normally you have the choice between the value added tax and the storage fee. Alternatively with DAG shares these costs can be avoided!