Prudent is not a word I would use because silver is not valued as money. Until it is, the speculation therefore is over its industrial use. That said, historically it has been twice as volatile as gold in dollars, so if gold rises significantly, silver can be expected to rise nearly twice as fast. With these caveats, I do own some silver and so far have regretted it!
That is a matter of opinion which hinges on silver returning as money alongside gold, presumably for settling smaller transactions. Note that silver is currently priced as an industrial metal only. Personally, I do own some silver on the basis that it has been twice as volatile as gold measured in fiat, providing potential leverage.
Your analysis shows it is better/safer to hold gold currently. However, would it be prudent, going forward, to hold silver as well perhaps in the ratio of 1:10 or 1: 20 (in Sterling terms) viz a viz gold?
Open interest is the number of contracts in existence.
Prudent is not a word I would use because silver is not valued as money. Until it is, the speculation therefore is over its industrial use. That said, historically it has been twice as volatile as gold in dollars, so if gold rises significantly, silver can be expected to rise nearly twice as fast. With these caveats, I do own some silver and so far have regretted it!
That is a matter of opinion which hinges on silver returning as money alongside gold, presumably for settling smaller transactions. Note that silver is currently priced as an industrial metal only. Personally, I do own some silver on the basis that it has been twice as volatile as gold measured in fiat, providing potential leverage.
Your analysis shows it is better/safer to hold gold currently. However, would it be prudent, going forward, to hold silver as well perhaps in the ratio of 1:10 or 1: 20 (in Sterling terms) viz a viz gold?
Could you possibly briefly explain what Open Interest, consists of?
Thanks in advance