Silver’s a worthy gold rival
Silver has always been seen as less precious than gold, but it has certainly proved itself worthy of investors’ attention — and demand for it has a hedge against the world’s financial woes is likely to grow.
Year to date, silver prices have gained about 26%. Gold’s 12% rise pales in comparison.
The white metal is also 40 times cheaper than gold. It doubles as both a precious and industrial metal and most of the silver used in industrial applications is consumed rather than recycled.