Silver hits 11-month high, up more than gold in 2016
CNNMoney - Apr 19, 2016
So much for the idea that silver is the "poor man's gold."
Lately, silver has been on a hot streak -- up 22% so far this year -- making it one of the best investments of 2016. The rally has outshone gold's 18% gain so far this year.
On Tuesday, silver shot up 4.5% to its highest level in 11 months.
The price of silver has always been just a fraction of gold's, but precious metal experts have pointed out for weeks -- if not months -- that silver has been trading a real bargain.
"The silver price looked very cheap," says Dan Denbow, who manages the USAA Precious Metals and Minerals Fund.
