Silver rallied 98% in the last one year, but investors earned only 18%: What explains the huge return gap?

Silver prices rose 98% in a year, but the average silver ETF investor earned just 18%. In fact, 56% of the money invested in silver over the past year is now sitting at a loss. The reason: investors put in larger amounts after the rally, so late money dragged returns down. Don't chase an asset just because it has already gone up.