Silver vs M2 Money Supply
Since 2006, Silver has shown a nominal return of +215.5%, while M2 money supply has grown by +228.4%. When adjusted for M2 money supply expansion, Silver's real return is -3.9%.
Key Insights
Silver has returned +215.5% nominally since 2006, but -3.9% when adjusted for M2 money supply expansion. This means Silver's price has not kept pace with monetary expansion, resulting in negative real returns.
Performance Summary
Period: May 1, 2006 to November 3, 2025
What This Means
Silver has underperformed M2 money supply expansion, resulting in negative real returns. This means the asset's price has not kept pace with monetary expansion, effectively losing purchasing power over time.
Adjusting stock performance for M2 money supply expansion reveals how much of price appreciation is due to monetary policy versus real value growth. This perspective helps investors understand whether an asset is generating genuine wealth or simply keeping pace with money supply growth.