Silver yields better returns than gold; prices may not fall

Precious metals have had a good year in the wake of lingering uncertainty over the longevity of economic recovery. While the emerging markets, notably India, China and Brazil, recovered rapidly from the economic slowdown, fears of a double-dip recession hung over most developed countries for much of the year.

The worries have receded in the US following the second round of quantitative easing–the decision by Federal Reserve to drive down interest rates by buying bonds—and extension of Bush tax cuts resulting in most economists upping growth estimates to 4-4.5% in 2011. But much of Europe and Japan remain mired in uncertainty, and even in the US, fears of inflation stoked by the expansion in money supply have caused some to turn to precious metals, particularly gold.
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