How should silver appreciate as gold advances?
DESIRE FOR SAFE HAVENS BOOSTS PRECIOUS METALS MARKET
"During precious metal bull markets, silver tends to appreciate faster than gold. For example, both gold and silver values have risen every year since 2001, when this current bull market began. But while gold rose 2.2 times, silver has risen 2.4 times. Therefore, the gold/silver ratio has fallen from 72.4 to 56.6 - which means it now takes only 56.6 ounces of silver to purchase one ounce of gold - and I expect the ratio to continue moving lower and approach the historical relationship, over hundreds of years, of 16 ounces of silver to one ounce of gold, last seen at the end of the last bull market in January 1980.
So while both gold and silver will rise, I expect silver to rise at a more rapid rate. However, while silver has greater potential, it is more volatile than gold, so it is not for everyone."