The price of silver tends to follow the performance of the stock market in general and of the economy. During economic expansions, silver prices tend to rise along with GDP and markets, while during recessions silver prices generally fall as the economy slows down. The price of silver tends not to be correlated with stocks. Therefore, if the stock market falls, the price of silver may rise.
Gold IRA brokers may also be a good option for investors looking to diversify their portfolio and hedge against market volatility. Right now, stock indices are at historic highs. However, many people think that the stock market is highly overvalued and a significant pullback is expected. If we see people fleeing the stocks, they may rush to the safe haven of silver.