The bull market in Precious Metals has been gaining steam over the last several years and often historically it is Gold that leads the charge while Silver can lag a bit behind. However once the bull market really gets going Silver can tend to catch fire and take over as the star performer. I like both of course, but I typically prefer Gold because it’s a bit less volatile and harder to manipulate / control supply. That said, Silver is really catching my eye at the moment and I am wondering if we might be reaching that point in the cycle where Silver catches up and even takes over from Gold…
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I could go back further but I think 10 years is enough for the purpose of this post. The above chart shows the Gold to Silver Ratio (GSR) which historically likes to fluctuate around 60 to 80, however in recent years it has been holding a lot higher. You can see big spikes in early 2020 when Covid hit and other peaks in mid 2022 and again earlier this year (2025) but for the last few months it has been dropping at a decent rate. The GSR is now almost back to 80 so it looks like Silver has started catching up.
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If you have a look at the comparison chart of the last 10 years you can see the shape of the Gold and Silver charts are pretty similar. Silver looks a bit “hairy” as it’s more volatile but both are starting to make that “hockey stick” type of move so far in 2025. If this bull market in Precious Metals is going to continue then it’s a pretty fair bet to say that Silver may be outperforming Gold from here on out.
Of course I have some Silver in my stack, but my paper investments are currently very Gold (and Crypto) centric. I’m starting to think it might be time to do some re-balancing of my portfolio. There is still a decent risk that the metals complex will correct sharply and if it does then Silver will come down hard, but I do think overall the fundamentals are good for Precious Metals so a further diversification into Silver might be a really good option for me.
With all the fundamentals screaming "Buy Silver!" I've backed from gold and into the Poor mans/woman's gold ...silver! How about this news for size? Recently Morgan Stanley has advised their clients to shift from the old Investment model of 60/40 Equity/Bonds to 60/20/20 Equity/bonds/precious metals! That is, sell half our bond holdings and put that capital into Precious metals. We're talking $trillions here!
Mania phase, here we come!
!PIMP
Very interesting article, thanks!
For a moment there I got Morgan Stanley confused with JP Morgan. When those guys start pumping the metals it will get very interesting.
yay for silver! I always liked it over gold. even when I 'grew' up and learned the values.. for instance. say another covid hits and u gotta actually trade some of ur coins for food or what not.. would u really give up a gold coin?
I am actually looking at copper more now also..
Yes, I like copper too. If you can stack metal without spending a fortune on premium it is definitely a good option.
😁
The day will come when one ounce of silver will get you two ounces of gold…
No, this will never ever happen. It is 20x more common on the earth than gold.
Believe whatever tickles your fancy… I say it will happen…
But not in our lifetime...
The Silver/Gold Ratio will soon be 10 to 1… You’ll see that for sure…
Only if Gold collapses, but why should it?
The melt value of Gold is going “as high as” $90 per ounce in Sound Money…. It’s currently about $39 per ounce in Sound Money… Silver is currently under $0.50 in Sound Money, and going to $9.00 per ounce… This lets me know Silver and Gold are on sale, big time…
I’m hoping it makes a nice run to $60
It really does look like the silver cycle is starting to heat up, and this could be the perfect moment to rebalance gold and silver before the market explodes.
Silver holders seems going to make more profit as the statistics showing! Thanks for sharing this comparison between silver and gold. Will wait for your next Gold and silver news. Here things can change unpredictably.
I think gold is becoming too much expensive for little investors so people are switching to silver
This is not true.
If you think Gold has a better potential, buy gold, regardless of the dollar amount you can afford. Same with bitcoin. Just the fact, that one costs over 100K should not hinder you to accumulate some satoshis.
Common U.S. Coinage will out perform Bitcoin in the days ahead… It will even get me in on the Ground Floor of Electronic Gold…
!pimp
With all the fundamentals screaming "Buy Silver!" I've backed from gold and into the Poor mans/woman's gold ...silver! How about this news for size? Recently Morgan Stanley has advised their clients to shift from the old Investment model of 60/40 Equity/Bonds to 60/20/20 Equity/bonds/precious metals! That is, sell half our bond holdings and put that capital into Precious metals. We're talking $trillions here!
Mania phase, here we come!
!PIMP