Silver experienced a major drop after hitting over $100 per ounce this year, but it has still tripled in value over the past year, outpacing gold. Experts suggest tracking the gold-to-silver ratio for insights into silver’s value. Macro factors like economic uncertainty and geopolitical tensions drove silver’s surge.

The surge in silver prices is not just about the metal itself but broader economic and political conditions. Investors turn to precious metals like silver as a hedge against inflation and uncertainty. Silver’s industrial applications, such as in technology, have also contributed to its demand and supply shortage.

Despite volatility, silver prices are expected to rise due to supply constraints and growing industrial demand. Investing in silver depends on financial goals and risk tolerance. Physical silver and paper silver offer different exposures to the metal, and ETFs are a practical way to invest.

Investing in silver can diversify a portfolio and hedge against inflation, but it comes with risks. It’s essential to consider risk tolerance and investment goals before investing in silver. Incremental allocations within a diversified portfolio are recommended over trying to time the market.

Read more at Yahoo Finance: What to know and how to invest