Silver a more favorable investment than gold

International gold prices are presently at 69 times the price of silver. The gold: silver ratio is significantly higher when compared with the 10-year average of 57.75:1. Moreover, silver has witnessed a sharper fall than gold during recent times. All these factors, coupled with an anticipated surge in industrial demand, make silver a better investment bet than gold, according to analysts.

According to analysts, the rising industrial demand for silver is likely to cushion any further fall in prices. Silver is used extensively in manufacturing photovoltaic cells of solar panels. A rise in consumption of electronic devices including smart phones and tablets will result in increased demand for silver in the coming years.

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