Silver linings: the asset that’s outperforming gold
It could have been technology stocks such as Amazon and Zoom, of course; or government bonds; or cash; or a property, preferably in the countryside. As the COVID-19 crisis rippled around the world and locked-down economies crashed into one of the worst recessions ever recorded, there were plenty of different ways investors might have tried to ride out the storm. But there was one asset they could easily have overlooked, and yet which would have outperformed almost any of them: silver. For much of the past decade, silver has been ignored as a largely irrelevant alternative to gold. In the past few months, however, it has started to shine. The precious metal has soared in price, outperforming most alternatives.
