Historically, silver has shown some correlation with stock market moves, although it’s not consistent. When the stock market has seen its worst crashes, silver has moved down, but by a less significant amount than the stock market has, showing that it can act as a safety net to lessen losses in tough circumstances. However, silver is also known for its volatility. What's more, because it has industrial applications as well as a currency side, silver is less tied to the stock market than gold is.