Best Silver Mining Stocks for 2021.
Volatility in silver is nothing new. Depending on the mood of the market, silver is either viewed as a precious or industrial metal. As a precious metal, silver takes on the properties of gold. But in the case of industrial metal, it trades more in line with copper, zinc, and aluminum.
Industrial metals are much more sensitive to global economic developments that drive supply and demand. For these reasons, silver tends to exhibit higher volatility than gold and this year has been a great example of that. After enduring a miserable start to 2020, the metal more than doubled from its late-March lows, while gold prices rose by close to 40 percent.