Gold has been outperforming the S&P 500 this decade, with a 113% return compared to 78%. While gold recently hit record highs, history suggests silver may be the better investment opportunity now.
The gold-to-silver price ratio is currently at 98:1, far above the 30-year average of 68:1.
In previous instances when this ratio was similarly high (like in March 2020), silver subsequently outperformed gold significantly.
Silver offers both protection against economic uncertainty like gold, while also benefiting from industrial demand, making it potentially well-positioned for the current market conditions.