Along with gold, the other precious metal of choice for investors is silver.

Look at it this way: If gold is your dollars, silver is your cents. Some believe that silver has more industrial usage than gold because it is used in computers, film and such items. However, silver still is a monetary metal.

Some people even refer to silver as "the poor man’s gold."

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If you look at this bull market, silver has moved in lockstep with gold and actually outperformed it. As silver is a smaller, more illiquid market (the Hunt brothers infamously tried to corner the market in 1980), the moves in silver tend to be larger in both directions.

At the moment, silver is in a consolidation phase. It had a huge run, when from 2010 to 2011 it jumped from $17 an ounce to near $50 an ounce (the 1980 all-time high).

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Silver fell to $26 an ounce from there and is now consolidating in the low-to-mid $30 range. After you see such a huge spike like we saw in 2011, it is going to take a while to consolidate these gains.

I have made the comment in the past year that silver probably needs 18 to 24 months to consolidate those gains. This would mean that the consolidation would run its course sometime later this year or in the first quarter of 2013.

Like gold equities, silver stocks are also very cheap when compared to the metal. Therefore, the next six months or so are an excellent time to acquire silver shares.

About the Author: David Skarica David Skarica is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He also writes the Gold Stock Adviser. Discover more by Clicking Here Now.