Silver has been lagging behind gold in terms of growth in the last year, but one analyst said that now may be a good time to buy into silver.

According to Phil Streible, senior market strategist at RJO Futures, a gold-silver ratio above 80 signals a strong buy for silver. The gold-silver ratio was last at 80.43 at the end of Thursday's session.

"Silver has been lagging behind gold for quite a while now," Streible told Kitco News, "and I think that silver is due for its movement upwards, I wouldn't be surprised to see one of these 30 to 50-cent moves to the upside here."
Recent spikes in equities volatility could further prompt traders to rush into one of the metals, Streible said.

"Some people may be a little bit more comfortable with gold and will go into that, but I think the real opportunity lies with silver," he said.

Subscribe on Youtube for extended interviews, Cramer Replays, feature content, and more!

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.

More from Video

The Recent Pullback in the Defense Sector Provides a Buying Opportunity

The Recent Pullback in the Defense Sector Provides a Buying Opportunity

Goldman Sachs vs. Morgan Stanley: The Battle for M&A Dollars

Goldman Sachs vs. Morgan Stanley: The Battle for M&A Dollars

3 Reasons Wendy's Should Buy John Schnatter's Papa John's

3 Reasons Wendy's Should Buy John Schnatter's Papa John's

Video: What to Expect From Microsoft's Earnings Thursday

Video: What to Expect From Microsoft's Earnings Thursday

Lee Munson on Why Investors are Shifting to Small-Cap Stocks

Lee Munson on Why Investors are Shifting to Small-Cap Stocks