While gold may sometimes shine brighter on the investment market, eToro has highlighted the merits of silver as a “safe haven status for investors”. Content does not apply to US users. eToro’s latest blog post has dived into the asset as a valuable investment opportunity in the wake of its performance during the covid-19 pandemic. Although at first, when the pandemic first hit in March, the price of silver dropped by as much as 38% to $11.70 per ounce, but during April and May saw the precious metal regain value at a rapid rate. [cta disclaimer='67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.' text='Visit eToro' href='/out/etoro'] Currently, an ounce of silver is valued at above $17 – this, eToro explains, is because it has been “buoyed by more positive market news and the prospect of an economic rebound.” It is believed that this initial impressive growth will continue to the point where it could in fact increase in price, even more, to reach upwards of $20. Therefore, almost doubling its value from March and proving itself to potentially be the asset to hold as the global market continues to recover. Although naturally, nothing is set in precious stone, there is an indication that there is potential for investors there and eToro offers an option to get involved in silver. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.