
As silver prices hit all-time high, an expert has said it is even “outlasting gold.”
During an appearance on CNN Tuesday, the network’s chief data analyst Harry Enten said that in addition to doing better than gold, silver is also "doing so much better than the. U.S. dollar is doing. And I think that's what's so important to keep in mind here.”
He continued: “One of the things to keep in mind of one of the reasons why silver is surging is because the U.S. dollar is down on the year compared to other currencies, down 9 percent."
"Really, relatively, it's horrific," CNN host Erin Burnett said.
"It’s terrible,"Enten agreed.
"You know, it's a gauge," Enten said of the silver surge. "It's a guard against hyperinflation. And so the fact that the dollar is doing so bad, oftentimes when gold rises, silver rises as well. We saw that, you know, with the late 1970s rise in both of them.”
He agreed with Burnett, who noted the widespread belief is that the U.S. dollar “isn’t worth what it used to be.”