Silver has been testing multi-month highs with investors apparently gearing up for inflation and more central bank stimulus. Some investors are favoring silver ETFs over gold prices amid the rally.

“Gold investing has long dominated the precious metals space, as investors have used this ultra-popular metal as both a trading/speculative instrument as well as an integral part of a longer term strategy. While silver still has a large presence in the financial world, it is not often that a big name steps into the limelight and touts this white metal over its gold counterpart,” wrote Jared Cummings for Commodity HQ.

The silver market has seen increased interest as the U.S. dollar has weakened. Commodity funds have been seen gains and the silver market has attracted much investor interest. This can be evidenced by the PowerShares DB Silver ETF (NYSEArca: DBSwhich has seen increases in trading activity, reports Eric Dutram for Zacks.

Noted commodities investor Jim Rogers has recently pointed to silver as a metal of choice over gold for the current economic climate. [Rogers: Use Commodity ETFs to Profit from Supply Shortages]

“Exchange traded products are convenient for commodities. I always buy exchange traded products and it’s terrific,” Rogers said at the June Alts Virtual Summit co-produced by ETFtrends.

“Consider this: Silver is the only major commodity not to have reached a new all-time high in this bull market; silver is still cheaper than it was 32 years ago, prices are astonishingly depressed,” Peter Cooper wrote for Resource Investor.  [Silver ETFs Not Shining in 2012]