Silver: The Shiny Underdog of Precious Metals

August 23, 2024

Move over, gold. There’s a new metal in town stealing the spotlight, and it’s none other than our trusty friend silver. While gold has been hogging all the attention with its recent price surge above $2,500, with headlines like “400 oz Gold Bars Now Worth $1 Million For The First Time,” silver has been quietly plotting its comeback.

The Golden Dilemma

Sure, gold’s been on a wild ride lately, with some folks calling it to hit the big $3,000 mark. But let’s face it, gold may be getting a bit too fancy for its own good. It’s definitely been doing its job, but nothing stays on top forever.

Silver’s Time to Shine

Meanwhile, silver’s been patiently waiting in the wings, and boy, is it ready.  Here’s why silver might just be the smartest investment you haven’t made yet:

  1. Outperforming: Historically, silver has outshone gold during precious metal bull markets. We’re talking an average return of almost 400% compared to gold’s 114%. 2010 and 2020 it was on fire.
  1. Inflation’s worst enemy: When inflation rears its ugly head, silver comes to the rescue. It’s delivered average gains of more than 17% in years when inflation was 3% or higher. Again, that’s metals doing their job.
  1. Budget-friendly: For those of us who can’t afford to deck ourselves out in gold, silver offers more bang for your buck. You can spread your investment across multiple products without breaking the bank. But don’t take that as it isn’t for the higher net worth, we have plenty of huge players big on silver. Primarily in storage and in bullion bar format.

The Silver Lining

Here’s the kicker: Neptune and many experts believe silver is seriously undervalued right now. The gold-to-silver ratio is suggesting that silver could be gearing up for a major comeback. Right now, it takes 85 ounces of silver buys one ounce of gold. A historical resistance level. Even if prices were to pull back, it is likely to hold in better than gold.

Industrial Darling

Finally. Silver isn’t just pretty to look at. It’s got a day job too. Industrial demand for silver has been skyrocketing, increasing by 56% between 2015 and 2024. From solar panels to smartphones, silver is the unsung hero of the tech world.

So, next time you’re thinking about investing in precious metals, don’t let gold’s glitter blind you. Silver might just be the dark horse that takes your portfolio to the winner’s circle. After all, every cloud has a silver lining – and this one might just outperform any asset you have.

Courtesy of Neptune Global.

*********

1 cubic foot of silver weighs approx 655 pounds whereas 1 cubic foot of gold weighs more than half a ton.

Silver Phoenix Twitter                 Silver Phoenix on Facebook