S&P 500 vs Silver since 2001

Why compare S&P 500 and Silver (XAG/USD)

This pairs the most-followed stock index in the world with a metal that is half monetary hedge, half industrial commodity. Searchers want to know whether owning the U.S. market beat holding silver as a store of value over the long run. The pattern is one of opposite natures. The S&P 500 compounds through corporate earnings and rising prices, with recoverable bear markets, while silver pays no interest, swings harder than almost any major asset, and depends on both crisis demand and the industrial cycle. One honesty note: the index here is price-only, without dividends reinvested, so its real edge is understated. Silver can outrun stocks in a metals rally and then give it all back, where equities have tended to grind higher across decades.