At different times one out performs the other, but yes Ag is more volatile. There is not much of it around for investment purposes on top of the industrial usage, from what I've read. Note that the Au:Ag price ratio is still historically high. Of course, this can be corrected if Au goes down faster than Ag if there is a Bear mkt - but we both hope it won't happen that way!
Goldman Sachs reportedly has huge **physical** silver holdings. There is an enormous **paper** short position held by the big banks in Au & Ag, by GS, Scotia & others. Close stops seem the way to go, one can always buy back in if it is just a short term drop and an uptrend resumes.
