Is silver a better investment than gold this summer? Experts weigh in

When it comes to precious metal investments, one option could prevail this summer, experts say. Constantine Johnny/Getty Images Gold prices have dropped substantially over the last few months — a stark contrast from the record-setting run-up the precious metal saw late last year. There are many reasons for the drop in gold prices , but high interest rates, rising oil prices and changing Federal Reserve sentiments have certainly played a role. And, what goes up must also come down. "Gold ran red hot earlier this year and it did so in a nearly uncontested manner," says Brett Elliott, director of content at the American Precious Metals Exchange (APMEX). "The market usually begs for a correction at some point under those conditions, and that's what we're getting now." Silver has also seen a hefty price drop recently, particularly over the last month. Since mid-May, the price per ounce has fallen by about 15%. Does that significant decline make it a better option for investors who want to buy in this summer, though, or is gold still the winner? Find out how to protect your investment portfolio with gold now . Is silver a better investment than gold this summer? Experts weigh in Here's what experts say about whether silver could be a better option than gold for investors who want to make a move in this landscape: No, if you can't deal with a little volatility Silver isn't a good choice over gold if you're planning to watch everyday price fluctuations and buy or sell based on that. …