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Because the mining cost is not $5 an ounce. Silver is not profitable to mine by itself. It comes up as a secondary product of existing mines for other metals. To mine for silver alone would cost around $50-$100 an ounce. It is only ten times more plentiful than gold. Does it really make sense to you that gold would cost $500-$900 an ounce to mine and silver only $5? The reason we are running out is because all we get is table scraps from mines for other things.

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Q: Why is silver mining costs 5.25 dollar per ounce and the market price 27 dollars?
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