- Silver is often described as "poor man's gold," but in fact nowadays silver may have more in common with copper than with gold.
- Silver and copper are both industrial metals with similar properties, uses, and applications.
- A pound of silver ranges from 50 to 150 times the value of a pound of copper, similar to the ratio between gold and silver.
- In the 1980s and '90s, silver had a closer annual price change correlation with gold, but from 2000 to 2020, silver correlates with copper more closely than with gold.
- 1997 is the last year in which the silver price and copper price did NOT move in the same direction - from 1998 to 2020, silver and copper prices have risen and fallen together every single year.
For further details see:
Silver Is More 'Rich Man's Copper' Than 'Poor Man's Gold'