Whilst we all believe that silver is more volatile than gold, is this really the case? Perhaps on a day to day basis, it probably is. However, over a 5, 10, 15 year period, silver appears to be more stable from the mean than gold. With a few exceptions, gold appears to have greater highs and lows from the mean than silver. Is it possible that gold, is not just for security or long term gain, but can also be used as a meaningful speculative commodity? http://www.indexmundi.com/commodities/?commodity=silver&months=120¤cy=aud&commodity=gold
I have noticed that everytime gold moves so does silver, in the same direction. The daily charts often look the same shape. So I guess they are both volatile but it is just the magnitude of the gold which make them more noticable. At the time of writing silver has dropped 53cents and gold has dropped $12.70.which looks like a 1% drop for gold and a 2% drop for silver. Over a period of years though, I haven't really been in it that long, mostly silver though.
wtf's going on with the price of gold???? Whoever's suppressing the price must be a great lover of the Chinese!!
Ooops. Got it wrong! Totally about face. Who would have thought that the yellow graph line was for silver. Apologies everyone - please disregard. * Note to self - time to get eyes checked for colour awareness.