Silver is more volatile, cheaper and more closely linked to the industrial economy. Gold is more expensive and better for diversifying your overall portfolio. One or both of them may have a place in your wallet. Arguably, the best use of gold as an investment is to mitigate portfolio risk.
Both silver and gold can function as safe haven assets, but gold tends to have a better track record over longer periods of time. That said, in shorter periods, the specific dynamics of each market end up being more important for their respective returns. Regardless of the asset you buy, remember that neither asset generates cash flow, so the best thing for long-term investors would be to take a buy-and-hold approach with a profitable and growing portfolio of stocks. Gold and silver prices tend to move in the same direction, but gold is a better hedge against the recession.
Mining stocks make it possible to leverage the price of gold or silver, so a profitable miner will be much more profitable as the price of metals rises. While gold will most likely continue to account for most of the press releases, silver is still a reliable precious metal that is much more affordable for investors. Both gold and silver are extremely liquid assets, considered by all to be a valuable commodity and even by many to be a real currency. The relatively high price of gold per ounce makes it easier for investors to store value compared to silver, making it cheaper to store an amount equivalent to the value in dollars.
You'll avoid the headaches involved in physically storing and selling gold and silver, and you'll also be able to earn dividends. While many investors are looking for gold and silver in physical form, such as ingots or coins, investing in mining stocks is usually a better option. But in the long term, the answer to the question “Is it better to choose gold or silver? could be “actions”. For the past 10 years, the price of silver has been much more volatile than that of gold both upwards and downwards.
Of course, this does not take into account personal preferences or the investor's views on the future prospects of both gold and silver. The prices of gold and silver move significantly from year to year, so the best way to get a general measurement of the prices of these metals is to consult the semi-long-term charts. The commonly accepted reasons why gold is more expensive than silver, despite its relative abundance, are that gold is used more in jewelry, gold is considered more of an “alternative currency” than silver, and central banks and individual investors demand it more than silver. Let's look at the gold-silver ratio, which tells you how many ounces of silver you would need to buy a single ounce of gold.