Why is SILVER being discounted so much versus GOLD ?

Where I live here in Vegas we our currently at 95% on selling generic GOLD bullion about 96% on AGE,S and Buffalos which I consider fair and everybody can take a nibble
and be happy

However when you consider SILVER its not spoken for in the same way for example SILVER at $75 my LCS is giving back only $63.75 which equates to a miserable 85% !
talk about a discount any the funny part your premium still remains the same especially on ASE,S with premiums between $5 - $7, my shop owner is telling me that SILVER demand is low and the refiners are giving rock bottom prices even for.999 fine and no junk SILVER !! is still par for the course.

 

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I think gold serves a different constituency than silver.

CBs accumulate gold, silver has industrial usage.

I believe silver trades $10-15 billion a day, whereas gold is closer to $75 billion a day. Silver is more volatile, so unless you're running it to a refiner (backed up right now)....it's going to trade at more of a discount since for a (small) retailer.