Silver has been outperforming gold this year — and may rise to its own record highs

Gold, with its rise to record highs this year, deserves attention — but so does its sister metal, silver, which has outperformed the yellow metal so far this year and may be gearing up for a significant rally that lifts prices toward all-time highs.

“The energy of investors and consumers in gold has started to spill over into silver,” said Michael Cuggino, president and portfolio manager of the Permanent Portfolio Family of Funds. “Combined with the macro backstory of declining interest rates, global uncertainty and a weakening U.S. dollar, the environment is bullish for both metals,” he said, but silver likely “has more aggressive price action at this time.”