Silver and Gold: A Look at Performance in Recent Years and Why is Investing in Silver an Attractive Option?
Over the past five years, silver has performed remarkably, recording a 194% increase in its value compared to gold, which only rose by 20% during the same period. This rapid growth reflects the increasing demand for silver globally by governments and major companies, especially with its entry into vital industries.
The role of silver in industries Advanced
Silver is an important metal in many fields, such as:
- Microchips
- Advanced technology
- Artificial intelligence
The importance of silver is increasing day by day, as continuous technological developments require larger quantities of this metal, which will increase the demand for it in the near future.
Price Comparison: Silver vs. Gold
To understand how prices moved, let's go back to 2019:
- Price per ounce of gold: $1,520
- Price per ounce of silver: $16
In 2024, prices reached:
- Ounce of gold: $2,630
- Ounce of silver: $31
When comparing the percentage increases between the two metals, we find that silver clearly outperforms.
How to calculate the percentage increase:
Increase rate = ((Current price - Old price) / Old price) × 100
Gold: ((2630 - 1520) / 1520) × 100 = 73%
Silver: ((31 - 16) / 16) × 100 = 94%
Why do some people prefer to invest in silver?
Silver is an attractive investment option, especially with increasing talk among economic experts about a bright future for this metal. International institutions expect that silver will continue to grow strongly in the coming years. As a safe haven during crises, many investors are turning to precious metals, including gold and silver.
Final Note
Despite the growing demand for silver, investors may face challenges, such as the need to store large quantities of the metal compared to gold. For example, an investment of 100,000 pounds may produce several kilograms of silver compared to a small amount of gold, which calls for thinking about storage.
What do you think? Do you think silver is the future? Share with us in the comments!