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Silver Is Up 402% Since 2020. Gold, 186%

Silver has more than doubled gold's return since March 2020, even after a 53% correction from its January peak.

Our research team sees a familiar pattern. Silver's returns more than doubled gold's from 1974 to 1987. After the financial crisis, silver beat gold five-fold in three years.

The reason is size. In 2025, investors put about $15.6 billion into physical silver and silver ETFs, against $111.2 billion for gold. Small inflows move silver hard.

Silver is also in its sixth straight annual supply deficit. The Ultimate Silver Playbook explains what the team expects next. It's free.