What are the risks of investing in silver?

It is often used to diversify a person's portfolio, protect against inflation, and is considered a “safe haven to store your wealth”. However, silver entails risks, such as volatility, risks related to supply and demand, and the risk of theft if you own physical pieces of silver. Precious metals are subject to market risk like most investments, but they once again prove to be stronger than most assets. Since money usually flows into precious metals when general economic downturns begin, gold, silver, and platinum tend to be resilient to recessions.