Why Silver is Outperforming Gold (Again)

Silver’s impressive gains have left it, yet again, outpacing gold by around 50% year-to-date. This is a common pattern for the metal, which has historically tended to outperform gold during certain stages of bull markets. 

Just as silver has done before, it’s capitalizing on the same macroeconomic conditions that have been a boon for gold, while simultaneously tapping into growing sources for industrial demand and benefitting from timeless aspects of old-fashioned investor psychology.

As Peter Schiff said late last month about silver on The Friday Gold Wrap:

“It’s up 13% on the week, 16.5% during the month of November…I think we may get an even more memorable December, because I think we’re going to get a big follow-through. Year-to-date, silver is now up 95%, think about that. And the year isn’t even over, we still have another month, so I think we’re going to end up with a double in the price of silver in 2025.”