Silver
Silver (chemical symbol: Ag) has roughly 200 exploring/developing/producing companies listed on the two Canadian exchanges. Silver is also a precious metal just like gold, but much cheaper, and its main purpose is for manufacturing goods, a substantial part of it being used in the renewable narrative like solar. One would say this would provide healthy supply/demand mechanisms, but this isn't exactly true as the price of silver is more or less connected to gold within certain ranges. The current price of silver is about $24/oz (2024) which means gold currently trades at a multiple of 90 at the moment. This price is a problem for most producers as production costs range between $15-20/oz. The long term median for the last 20 years or so is thought to be around 60, but obviously provides no foundation.
