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Which To Buy, Gold Or Silver?

by Kelley Holland

Gold and silver are on a tear, but only one can be your best option. This strategist breaks it down.

Both gold and silver have been hitting multi-month highs, but that’s about where the similarities end. Silver, as both a precious metal and one with industrial uses, tends to trade more on industrial trends, while gold, a fiat currency, trades on expectations about money printing and inflation.

Michael Dudas, a senior research analyst at Sterne Agee, favors silver over the next four to six weeks, thanks in large part to investor bullishness about the latest round of quantitative easing. “Ben Bernanke is silver’s best friend,” he says, and speculative data on silver is picking up. Also, “risk on in the marketplace, silver’s going to get a bump.”

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