Silver’s Setup: Volatile, Undervalued, and On the Verge

If gold is the safe haven, is silver the opportunity hiding in plain sight?

We discussed gold’s dynamics in excruciating detail yesterday, backed with data (so if you haven’t read it yet, this weekend’s a good time). Today, let’s shift focus to silver, often called gold’s more volatile cousin.

Silver typically lags gold in the early stages of a rally but often catches up, and sometimes even outpaces it, in percentage terms. With rising industrial demand and a persistent supply deficit, silver is shaping up to be one of the more interesting assets to watch in 2025. Its price isn’t driven solely by investors and central banks; it’s also heavily influenced by demand from industries like solar energy, electronics, and electric vehicles.

In this post, I’ll assess what’s driving silver prices, how it compares to gold, and why the next couple of years could be quite compelling for silver investors.