Silver and gold bullion differ greatly from one another. In bullish vs bearish markets, silver can exhibit stronger volatility than gold. And although silver may be more inexpensive than gold, it is a precious metal. It has no counterparty risk and has never experienced default.
Silver needs a lot more storage space, despite being inexpensive. In addition, pure gold is considerably thinner—it is approximately 85% smaller than pure silver. Silver demands extra storage space, which could result in increased depositories' rates.
You shouldn't overlook the fact that silver has a significantly higher industrial use when comparing silver and gold. Approximately 13% of the world's gold supply is used industrially. As against 58% that of the available silver. This is mainly because silver has special qualities. Source
Their stockpiles are the final significant distinction. According to reports, governments and central banks own a meager amount of silver. They regularly purchase and hold literally tons of gold, in contrast.
References: ETrade, HarvardGeo.org
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