Why is silver so volatile compared to the S&P 500?
The S&P 500 represents a broadly diversified basket of stocks.  Silver is a single metal.  If all else is equal, more diversification means less volatility.  A better comparison would be the S&P 500 vs. a commodities index, or silver vs. some individual stock.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Why is silver so volatile compared to the S&P 500?

### Response:
The S&P 500 represents a broadly diversified basket of stocks.  Silver is a single metal.  If all else is equal, more diversification means less volatility.  A better comparison would be the S&P 500 vs. a commodities index, or silver vs. some individual stock.