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home / news releases / UDN - Reasons To Like Silver: Revised Edition Spring/Summer 2020


UDN - Reasons To Like Silver: Revised Edition Spring/Summer 2020

Silver is known as "the poor man's gold" because it has always been cheaper than its yellow cousin due to its relative abundance. There is approximately 19 times more silver in the earth's crust than gold. Back when both metals were money, it took 16 to 25 ounces of silver to buy one ounce of gold. This relatively tight relationship ended when President Nixon pulled the US out of the Bretton Woods Agreement in 1971 and severed gold's connection to the US dollar.

The chart below shows the ever-changing relationship of silver and gold going

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Stock Information

Company Name: Invesco DB USD Index Bearish
Stock Symbol: UDN
Market: NYSE

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