While the world focuses on gold, silver is quietly making a very strong move.
Silver is often considered the metal of second-place finishers. But, compared to gold’s returns in recent weeks, silver has been coming in first.
In many ways, silver is Regis Philbin sidekick to gold’s Joey Bishop-like stardom. Gold was the headliner since shortly after the Stone Age. Sure, silver works much harder (it is, after all, an industrial metal), but everyone wants to see gold. However, these days when people take a look at silver, they come to realize it’s a better performer than gold, at least since July.
Indeed, the first half of the year was rougher on silver than on gold. While gold fell 27%, silver dropped 35%. However, their fortunes have reversed since the start of 2013’s second half. Gold may be up 15% but silver is has been the better performer – it’s up 22% since July 1.
You may want to be a millionaire, but should you be playing with silver to get there?
Answering that question on the fundamentals is CNBC contributor Gina Sanchez, founder of Chantico Global. And, looking at the charts of the precious metal is fellow contributor Todd Gordon, founder of TradingAnalysis.com.
Will silver be the biggest star in your portfolio? Watch the video above to see Sanchez and Gordon analyze silver to help you decide.