Bearish for Silver
Silver Underperforms S&P 500
Stable
Steady attention in Silver coverage, without a clear trend.
Updated 14 October 2026
The bearish argument: Silver has significantly underperformed the S&P 500 over the long term, making it an inferior investment for capital appreciation.
What changed?
Not in yesterday’s coverage · 6.7% of Silver coverage today
The idea itself is not new: the recorded share reached 12% on 23 September. Renewed coverage does not necessarily mean new evidence.
How attention has changed
6.7% of Silver coverage
Rolling 3-day share · as of 14 Oct 2026
This measures attention in published coverage, not the likelihood of a price move.
| Date | Share of coverage |
|---|---|
| 2026-09-15 | 0% |
| 2026-09-16 | 0% |
| 2026-09-17 | 6.3% |
| 2026-09-18 | 3.8% |
| 2026-09-19 | 2.5% |
| 2026-09-20 | 0% |
| 2026-09-21 | 0% |
| 2026-09-22 | 6.3% |
| 2026-09-23 | 12% |
| 2026-09-24 | 4.8% |
| 2026-09-25 | 2.5% |
| 2026-09-26 | 0% |
| 2026-09-27 | 0% |
| 2026-09-28 | 0% |
| 2026-09-29 | 0% |
| 2026-09-30 | 2% |
| 2026-10-01 | 3.1% |
| 2026-10-02 | 6.2% |
| 2026-10-03 | 5.2% |
| 2026-10-04 | 4.6% |
| 2026-10-05 | 0% |
| 2026-10-06 | 0% |
| 2026-10-07 | 4.5% |
| 2026-10-08 | 2.4% |
| 2026-10-09 | 4.9% |
| 2026-10-10 | 6.3% |
| 2026-10-11 | 8% |
| 2026-10-12 | 6.8% |
| 2026-10-13 | 0% |
| 2026-10-14 | 6.7% |
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The argument and its evidence
Several outlets can carry the same argument; no single article is its origin. Read each one in its own context.
Recent coverage
-
Fortune · Published 13 Oct 2026
Current price of silver as of Tuesday, Oct. 13, 2026
In coverage record: 14 Oct 2026
“Since 1921, silver's value has underperformed the S&P 500 by roughly 96%.”
Read article -
Fortune · Published 9 Oct 2026
Current price of silver as of Friday, Oct. 9, 2026
In coverage record: 10 Oct 2026
“Since 1921, silver has underperformed the S&P 500 by roughly 96%”
Read article -
Fortune · Published 8 Oct 2026
Current price of silver as of Thursday, Oct. 8, 2026
In coverage record: 9 Oct 2026
“Since 1921, silver's value has lagged the S&P 500 by about 96%”
Read article
Earlier coverage
-
Fortune · Published 6 Oct 2026
Current price of silver as of Tuesday, Oct. 6, 2026
In coverage record: 7 Oct 2026
“Since 1921, silver's value has underperformed the S&P 500 by roughly 96%.”
Read article -
Fortune · Published 1 Oct 2026
Current price of silver as of Thursday, Oct 1, 2026
In coverage record: 2 Oct 2026
“Since 1921, silver's value has lagged the S&P 500 by about 96%—meaning an identical investment in both would leave the silver portion worth roughly 96% less today”
Read article -
Fortune · Published 30 Sep 2026
Current price of silver as of Wednesday, Sept. 30, 2026
In coverage record: 1 Oct 2026
“From 1921 onward, silver has underperformed the S&P 500 by about 96%.”
Read article -
Fortune · Published 29 Sep 2026
Current price of silver as of Tuesday, Sept. 29, 2026
In coverage record: 30 Sep 2026
“Since 1921, silver's value has underperformed the S&P 500 by roughly 96%.”
Read article -
Fortune · Published 22 Sep 2026
Current price of silver as of Tuesday, Sept. 22, 2026
In coverage record: 23 Sep 2026
“Since 1921, silver's value has underperformed the S&P 500 by roughly 96%.”
Read article -
Fortune · Published 21 Sep 2026
Current price of silver as of Monday, Sept. 21, 2026
In coverage record: 22 Sep 2026
“Since 1921, silver has declined around 96% against the S&P 500.”
Read article -
Fortune · Published 16 Sep 2026
Current price of silver as of Wednesday, Sept. 16, 2026
In coverage record: 17 Sep 2026
“From 1921 onward, silver has underperformed the S&P 500 by about 96%.”
Read article -
Fortune · Published 11 Sep 2026
Current price of silver as of Friday, Sept. 11, 2026
In coverage record: 12 Sep 2026
“Since 1921, silver has underperformed the S&P 500 by roughly 96%. In other words, matching your investment equally between silver and stocks then would leave the silver portion approximately 96% lower in value today.”
Read article -
Fortune · Published 9 Sep 2026
Current price of silver as of Wednesday, Sept. 9, 2026
In coverage record: 10 Sep 2026
“Silver is not typically a high-growth play. Historically, it trails other investment options, like stocks. From 1921 onward, silver has underperformed the S&P 500 by about 96%.”
Read article -
Fortune · Published 1 Sep 2026
Current price of silver as of Sept. 1, 2026
In coverage record: 2 Sep 2026
“Silver isn't a shortcut to quick wealth. Over extended periods, it lags traditional equities significantly. Since 1921, silver's value has underperformed the S&P 500 by roughly 96%.”
Read article -
Fortune · Published 28 Aug 2026
Current price of silver as of Friday, Aug. 28, 2026
In coverage record: 29 Aug 2026
“Since 1921, silver has underperformed the S&P 500 by roughly 96%. In other words, matching your investment equally between silver and stocks then would leave the silver portion approximately 96% lower in value today.”
Read article -
Fortune · Published 25 Aug 2026
Current price of silver as of Tuesday, Aug. 25, 2026
In coverage record: 26 Aug 2026
“Silver isn't a shortcut to quick wealth. Over extended periods, it lags traditional equities significantly. Since 1921, silver's value has underperformed the S&P 500 by roughly 96%.”
Read article -
Fortune · Published 21 Aug 2026
Current price of silver as of Friday, Aug. 21, 2026
In coverage record: 22 Aug 2026
“Since 1921, silver has underperformed the S&P 500 by roughly 96%. In other words, matching your investment equally between silver and stocks then would leave the silver portion approximately 96% lower in value today.”
Read article