Both gold and silver are precious metals and both are often mentioned as some kind of safe haven – especially in a financial crysis. On the other hand both the application and the production of silver and gold are more or less different.
However risk and potential return carried by them were also different in the past 5 years, as it can be seen on the charts below.
- Gold vs. silver price chart about the past 5 years
- Silver risk-reward chart about the past 5 years
- Long term outlook?
Changes of price in case of silver or gold carry more meaning if we compare them to each other.
The chart below shows by how many percents the price of precious metals have increased or decreased, as compared to the date on the left side of the screen.