Clearly Silver is not profiting from the demand for safe havens to the same extent as Gold. 

Like Gold, Silver has also seen speculative market positioning switch from net short to net long in the last two reporting weeks, yet the swing was noticeably less pronounced. 

Silver is a precious metal that is widely used in industrial applications. Industrial use accounts for somewhat more than 50% of total Silver demand. As a result, the Silver price tends to perform less well than the Gold price at times of increased risk aversion and associated economic concerns.