The supply of silver went down in 2015 due to lower scrap supply and I believe silver production from mines will not rise significantly in 2016 so supply will be subdued going forward. Demand however will keep going up. [IMO if you start] stacking silver you’ll be rich in exactly 5 years.
I’m betting a lot on silver at this moment, not just because the gold to silver ratio is at multi-decade highs, but also because of the supply and demand figures.
The silver institute just released the latest 2015 numbers. 2015 saw an increasing deficit at 112.5 million ounces.
…[Below is a chart of] what it looks like historically. When deficits increase (blue chart goes down), then the silver price will start spiking a few years later.
As you can see, the supply went down in 2015 due to lower scrap supply and I believe silver production from mines will not rise significantly in 2016 so supply will be subdued going forward. Demand, however, will keep going up… [The deficit in silver in 2015 was 112.5 million troy ounces and,] going forward, we expect that deficits in silver will only become worse: 200 million ounces by next year; then 250 million ounces by 2018; then 300 million ounces by 2019. By 2020, there is no silver left at these low prices.
…Keep on stacking silver and in exactly 5 years, you will be rich. I recommend buying silver miners like Endeavour Silver. They just released earnings and they are very profitable at this moment.