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Why silver’s outperforming gold and isn’t done yet

Friday, June 27th

Silver has quietly scored double the percentage gains of gold this month, and prices for silver probably haven’t topped out for the year.

“The real value of silver is far from being realized,” said Andrew Chanin, chief executive officer of PureFunds, which offers the PureFunds ISE Junior Silver ETF.

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Silver is priced as if it’s much more common than gold, but it may be much rarer than the price suggests, Chanin said. Given its antibacterial properties and ability to conduct heat and electricity, silver may also become even more important as an industrial metal, “causing a supply shortage.”

Out of 19 trading sessions this month, silver prices have fallen only three times, while gold prices posted declines for five of them. And while gold prices traded recently at just over a two-month high, silver tapped its highest in more than three months.

Year to date, gold has still outperformed but barely — up 10% versus silver’s 9% climb.

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