Silver has always been a valuable metal throughout history. Its value has always been high and it is mostly deemed as the “second-in-command” for gold. Silver is worn as jewelry and used as a coin and as a currency during the Age of Discovery, it has become quite a remarkable asset.
Silver is a great financial asset which is continuing to shine in the era of the modern finance industry. Despite the fact that silver started to die out in the late 1960s as a currency, it started to grow in protecting and securing wealth. The silver certificates were redeemable for a short while but that was completely ended in 1968.
Silver is usually referred to as “poor man’s gold” but if you look at it and dive deep into it, silver has outperformed gold in five of the six bull markets. Silver is like a follower of gold where gold goes, silver goes with it. However, if we look at the performance of silver irrespective of gold, silver outperforms gold in its own timeline.
Take a look at the following infographic to make more sense of it.
Infographic by: visualcapitalist