The relationship between the price of gold and silver is completely lost. At the time of writing, a troy ounce of silver costs roughly $ 15 and the same amount of gold costs roughly $ 1720.
The historically significant difference betrays the great uncertainty among investors about the current financial system.
Will silver narrow the gap with gold and also increase in price? That cannot be ruled out. After 2008, the price of silver rose as much as 440% from its low point.
However, silver depends not only on investor demand, but also on industry. The automotive and solar industries are large users. Both suffer a lot from the corona crisis.
That will not do the question any good in the short term. Even the closure of many silver mines cannot absorb that loss.
That does not detract from the fact that the price of silver just seems too low. At no point in history has the price relationship between gold and silver been so skewed. The good news for silver is further that the number of industrial uses is still growing.
This certainly offers perspective in the longer term.