Why is Silver rising faster than Gold?

 
Gold and silver have moved as money.   Gold and Silver Exchange Traded Funds have attracted massive investments in the developed world where trust in the monetary system is far higher than it is in the emerging world.   But it was the underlying gold and silver that attracted investors.    

The Gold and silver have substantial metals have differed so much in performance.  
·         in the past few decades silver has been seen as a commodity, mined mainly as a by-product of base metal mining, with only 30% mined in a pure silver mine.
·         Gold has always been the ‘senior’ monetary metal held by central banks as money until 1971 and after that as a valuable reserve asset in the vaults of central banks.
·         when Egypt was at its height and supplies of silver less than those of gold, gold has always been in far shorter supply than silver and considered far more valuable than silver.
·         Silver was rejected as money and as a reserve asset by the mid-fifties, despite it being treated as money throughout the ages before that.
·         Both gold and silver have been attacked as money through ‘official’ sales from the seventies until last year.   But gold was sold to undermine the reality that it is money.   Silver was sold out from reserves almost completely by central banks discarding it as money, completely.
·         Silver is consumed whereas gold is not, which will continue to be the case until less expensive substitutes are found.  This will only happen at far higher prices still.