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 banksĀ 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.