The SEO test results are clear, as expected the linked from webpage AND the linked to internal webpage is ranked for an obscure Google search phrase, see screenshot above.
You will note only two webpages are found for this Google search and the linked to result includes a “Missing:” notice because those words are NOT present within that webpages content. The text link from the linked from webpage is passing anchor text SEO benefit through the link for those two words to another internal webpage.
Many of the images from the linked from webpage are also listed for this SERP, Google is considering all those images relevant to that search because of the one text links anchor text.
Continue Reading Anchor Text of Internal Links SEO Test