Because the Spaniards went to Mexico. Before Cortez and his sucessors went across the Atlantic to conquer the Aztec Empire to bring back their gold, silver was more valuable in Europe than gold. read more
Most of the jewelleries are made using gold than silver,in this case the demand for gold is more than silver further effecting the worth of silver. Gold is also of more value than silver because gold jewellery like gold bangles, gold rings, gold chains etc can be recycled and converted into new jewellery this is not the case with silver. read more
The demand for gold and silver is relatively high – higher for gold than it is silver – and this plays a role in driving up prices as well. The use of gold and silver in jewelry, in particular, helps drive up prices – more so for gold than for silver. read more
As evidenced by price, gold has been considered more valuable than silver throughout modern history. As I write this blog, an ounce of gold costs over seventy-five times more than an equal weight of silver. read more