Silver is one of the undervalued products with a great upside potential. The ratio of gold and silver during the early years is 15:1, which means that in every 1 troy ounce of gold was worth 15 troy ounces of silver. However, the ratio varies because of the trend in supply and demand of silver.
Silver’s unique feature is that it has short position in the COMEX, but one of the largest. Bullion banks hold the largest short position in precious metal markets which include silver bullion. However, these short positions need to be covered eventually so the silver price will get a boost.