Silver has long been called the “poor man’s gold” because throughout history silver has been used more as money than has gold. Another reason that silver trades at about 1/80th the price of gold is that it is much more abundant. By some estimates, sixteen times more silver has been mined than has gold.
Silver is also more volatile than gold, meaning that its price fluctuates more widely than does gold’s.
Large investors prefer gold over silver because much more wealth can be stored in gold than in silver. For example, a $33,000 investment in silver would weigh about 134 pounds; however, $33,000 invested in American Gold Eagles would weigh right at two pounds.
If silver truly is the “poor man’s gold,” then small investor should stick with silver. They get more metal for the money invested, which gives them greater flexibility when either selling or using it in trade.