Silver may have lost some of its shine after a stellar run earlier this year, but the white metal continues to lead all major asset classes on a five-year annualised return basis. Despite investors booking profits after silver surged to $122 in January amid soaring oil prices and renewed concerns over interest rate hikes, the metal has delivered a 5-year CAGR of 27%, according to a report by 1 Finance Research. For 2026, silver has corrected 48% from its peak.
That puts silver ahead of gold, which posted a 25% CAGR over the same period. Silver also had a remarkable 2025, when it surged more than 170%. Over the five years between June 2021 and June 2026, silver and gold delivered the highest annualised returns among the asset classes tracked, at 27% and 25%, respectively, ahead of midcaps at 17% and smallcaps at 16%. However, neither precious metal topped the performance charts in every individual year.
