The rapid weakening of national currencies worldwide is reminiscent of the Gold Standard period. The upward trend of gold prices started long ago but has been amplified since the millennium as prices have surged by 560% since then. But gold is not the only precious metal that comes to mind when mentioning the word ‘inflation.’ Gold prices were high in the late 1970s and the beginning of the1980s and the price movements of that time are similar to those being seen now. The price of silver rose by 1000% over the period of a few years during that time period. Similar movements were spotted in 2008-2011, when silver prices rose by more than 400% outperforming gold prices that added around 170% over the same period.

Silver is currently trading at around $22.50 per ounce which is 93% above March 2020 lows, but 25% below pandemic peaks. It is worth noting that silver prices have not reached $50 per ounce, a record high reached in 2011. That may indicate that silver prices have a good upside potential. One of the benefits of this rise to mining companies is that they could offer silver at higher prices during bullish market periods, while the majority of them survive bearish periods. If investors want to invest in many silver mining companies at once they may want to choose ETF SLVP, whose shares are traded at their two-year lows at $12.20. They may perform an upside growth of 50% to $18.50 amid the rise of silver prices. Junior Silver Miners shares may outperform companies with a long record if the global trend is to be sustained. So, those who are seeking for high risk may invest in ETFMG Prime Junior Silver Miners ETF (SILJ).