Despite the bum’s rush in gold, the other precious metal – silver – has been lagging…..leading a number of advisory services to remark on this disparity and pound the table in favor of silver as the long term better play. There are actually a number of technical arguments that support such a position but for more short term traders the ETFR Pairs Analysis demonstrates that some low risk gains can be generated just by playing the disparity in momentum between the two. The model doesn’t trade very often ( 4 times in the last 4 months), but the equity curve stays positive and 54% yield in 4 months is impressive by any measure.