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
