Due to the impact of President Trump's tariffs, gold has become a safe haven for investors, with prices recently soaring to 3,500 dollars, reflecting over a 10% increase in April alone. Many investors, who were previously on the sidelines, now feel overwhelmed by the surge.

The Wall Street Journal, analyzing historical data, pointed out that silver typically follows the rise in gold prices and suggests that if investors missed the gold rush, they should consider buying silver instead. According to The Washington Post, gold has once again proven to be an excellent hedging asset during global economic turmoil, and historical trends suggest that there's still room for gold prices to rise.

Furthermore, silver is often referred to as the 'poor man's gold' due to its lower price compared to gold. Throughout history, gold has shown polarizing investment sentiments, with strong supporters and fierce opponents. However, historical data indicates that during turbulent times, gold often outperforms the market, even if its long-term performance may lag behind overall market trends.

Currently, the returns on gold since the beginning of the century have reached 113%, while the S&P 500 index returns are at 78%. Although gold prices have slightly retreated after Trump softened his tariff stance, gold has still risen around 41% in the past year. Meanwhile, silver has increased by approximately 23%, although less than gold, it has still outperformed the S&P 500's 6% return over the same period.

The Wall Street Journal explains that this relates to the 'dual nature' of silver, being a precious metal with hedging properties while also having more industrial uses, such as applications in electronics and solar panels, making it more sensitive to economic changes. Thus, during the initial phase of economic recession, gold often shines, but as the economy recovers, silver tends to rebound with even greater force.

Another point of interest is the price ratio between gold and silver, which can indicate whether gold prices are overheated. As of last Wednesday, the price of gold was 98 times that of silver, lower than earlier in the week when it was above 100 but still above the 30-year average of 68. Notably, during the panic in early March 2020 due to the pandemic, the gold-silver ratio reached 113, and in the following 12 months, silver prices rose by 73%, while gold's only increased by 8%.