Despite the weakness seen in precious metals a few weeks ago, silver has been relatively stable ever since mid-April, with the iShares Silver Trust (NYSEMKT:SLV) trading in a dollar-wide range ever since. With the presidents of the Chicago and Philadelphia Federal Reserve banks releasing conflicting statements, turmoil may be just around the corner. Miners like Pan American (NASDAQ:PAAS) and First Majestic (NYSE:AG) are still facing operating challenges, while silver streaming darling Silver Wheaton (NYSE:SLW) struggles as well.

In the video below, Fool.com contributor Doug Ehrman discusses the relative benefit of silver over gold and recommends ways you can position yourself in the current environment.

Motley Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.