AG: 2,549.8 Moz (79,308 t) in 2018
Annual mine production in 2018 was 27,000 tonnes
For gold, the consensus is there are about 190,000 metric tonnes above ground yearly mine production amounts to 3,260 tonnes (2018)
Silver however, is mined [primarily] as a by-product. In order to mine one ounce of silver as a primary metal, the cost associated with it is similar to the cost of mining one ounce of gold and with silver trading around [$17 – $18] an ounce and would not even be close to profitable when the mining costs are factored in. Currently we mine around six hundred million ounces of silver each year while industry consumes about eight hundred and seventy million ounces.
At the end of 2015 there were some 2.3 billion ounces of identifiable .999 fine silver bullion the vast majority of which are owned by investors in silver vaults and bonded silver warehouses.
Naturally occuring, available quantity of gold/silver has a ratio of 1:8, yet the price ratio is 1:70!