Silver has a reserve base of about 570,000 tons http://minerals.usgs.gov/minerals/pubs/commodity/silver/mcs-2009-silve.pdf Gold has a reserve base of about 100,000 tons. http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2009-gold.pdf Why is the price of Silver 60-65 times lower than gold? Silver seems to have more applications that gold too. Someone explain it to me. Why isnt silver $160+ per oz today? Obviously supply says it should be that high. Is silver artificially being lowered or have people just become acustomed to silver being about 1/60th the price of gold so the average joe shorts it when it goes above that? Shouldnt their only be a 5.7 to 1 ratio instead of 60 to 1?