Is silver a better buy than gold right now? Find out

Amid ongoing geopolitical tensions and economic uncertainty, gold prices remain strong, but silver could offer further room for growth, according to Jonathan Barratt, CIO at Probis Securities.

In a recent interview with CNBC-TV18, Barratt noted that while gold is holding steady at $2,500 per ounce, silver is still well below its all-time highs.

This represents a potential opportunity for investors.

“Gold still appears to be well-supplied and holding its levels due to safe-haven buying driven by concerns over Russia, Ukraine and the Middle East,” Barratt said.

He said gold could rise further, with $2,550 an ounce a possible next target.

However, Barratt turned his attention to silver, saying it has yet to match gold’s recent performance.

He stressed that silver, which is currently trading at around $25 an ounce, is far from its all-time high of $50 an ounce reached in 2011.

“If you’re nervous about buying gold at these levels, silver looks technically strong and may offer further upside,” he said.

Barratt’s comments highlight a possible shift in strategy for cautious investors current gold highs.

With silver still lagging, it could offer a better entry point for those looking to cash in on precious metals.

The price of silver The performance could provide significant gains, especially as geopolitical factors and the weakening US dollar continue to support precious metals as a whole.

While Barratt remains bullish on gold, his bullish stance on silver suggests that investors looking for further growth potential could view silver as an attractive alternative.