Gold vs Silver
| | Gold | Silver | |---|------|--------| | Volatility | ~14% | ~28% | | Industrial use | ~7% | ~55% | | Storage cost/$ | Low | ~5× higher | | Central-bank demand | Yes | No |
Gold/silver ratio
Average 60–70. Above 90 silver is cheap to gold; below 50 silver is expensive. Mean-reverting signal, not timing.
Silver outperforms when
Early bull markets; strong industrial growth (solar, EV); after gold has already rallied.
Gold outperforms when
Recessions; central-bank buying cycles; currency-debasement narratives.
Practical split
Many precious-metals investors hold 70/30 gold/silver — stability plus upside leverage.