Investing in Gold vs. Silver: 3 Key Differences to Know
When the economy is tanking and inflation is high, investors often rush to gold. Silver is also viewed as a safe-haven investment, though it gets a lot less hype.
Both precious metals have been sought after throughout history, so they're appealing when stocks and currencies are losing value.
In August, pandemic worries coupled with a weakening U.S. dollar sent gold prices skyrocketing to over $2,000 an ounce for the first time in history. Silver has also rallied. For the first time since 2013, silver prices soared to $28 an ounce in August, a 140% increase from its 2020 low.
Source Fool.com
