Everyone's talking about gold. But silver is quietly winning

Summary: Silver has quietly outperformed both gold and equities in recent months, riding high on industrial demand and short-term momentum. So, does that make it a solid addition to your portfolio? Let’s find out… For a metal that’s often treated as gold’s moody younger sibling, silver has been having quite the moment. While gold has hogged headlines, thanks to geopolitical turmoil, central bank buying and its ever-dependable “safe haven” tag, silver has quietly outshone its shinier cousin. Over the last three years, silver delivered a return of 26.5 per cent, edging past gold’s 24 per cent. Even more eye-catching is silver’s short-term sprint: up 19.5 per cent in the last three months, and nearly 8 per cent in just the past month. That’s more than five times gold’s one-month return. Heck, even equity funds have trailed silver in recent months. But is this just a seasonal spark

This article was originally published on July 24, 2025.