Investors have taken a big interest in silver lately and their infatuation looks set to continue this year, despite gold’s advance.

True, both metals haven’t done very well most recently, posting losses in five out the last six sessions, but a big-picture view on prices and exchange-traded funds shows just how much silver’s turning heads.

In August, gold futures climbed more than 6% and since the end of June, they are up about 12%. Those figures pale in comparison to the 20% increase in silver futures for last month and quarter to date.

Silver’s also set for the first quarterly gain since the third quarter of last year.

“Given the outperformance in silver over gold, we can assume that there are factors in play other than traditional safe-haven demand,” said Tom Lydon, editor and publisher of ETFtrends.com.