Silver may soon take leading position — Investing.com

Experts at Investing.com suggest that historical trends could pave the way for silver prices to match or even surpass the growth rate of gold.

According to FactSet data, gold has surged approximately 41% over the past year and has delivered an impressive 113% return over the last decade. The yellow metal remains the most-in-demand safe-haven asset, particularly amid the current period of economic uncertainty.

Silver, on the other hand, holds a dual role as both a defensive asset and an industrial metal, making it more sensitive to economic cycles. Currently, the gold-to-silver ratio stands at 98, significantly higher than its 30-year average of 68. This discrepancy signals that silver is undervalued, according to analysts at Investing.com.

During the height of market panic triggered by the COVID-19 pandemic in March 2020, the gold-to-silver ratio peaked at 113. However, in the subsequent year, silver prices skyrocketed by 73%, while gold increased by just 8%.