Silver is glowing, recording nearly 30% return in 2024. Time to invest?

Published: 08th Nov 2024

By: Value Research

The poor man’s gold

Silver, often called 'poor man's gold,' has delivered a stunning year-to-date return of nearly 30 per cent as of November 3, 2024. With such impressive figures, investing in silver may seem tempting. However, there are key factors to consider.

Is this precious metal the best choice for returns?

Between November 2019 and November 2024, silver's returns have shown a wide range, swinging from -2 per cent to 21 per cent. This range indicates significant unpredictability.

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How volatile is silver?

Silver's price is highly volatile, fluctuating by over 25 per cent in nearly 90 per cent of the time between November 2019 and November 2024.

So, is gold better?

While silver's returns are enticing, its high volatility and wider return swings make it a riskier choice. Click the link below to see whether gold is a better bet than silver.

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