Yes -- in the 'olden times', silver was considered to be 'gentleman's money'. It's what most people actually spent, especially the middle classes. If you had gold, you probably kept it under lock and key and you were probably rich.

Silver is people's cash. Less flashy, less valuable, more abundant -- but very convenient for *actual* expenditure versus gold.

Where LTC differs from silver in practical terms, is that the supply does not behave like that of silver. Silver is not really like gold - sure, it's mined similarly, but, it's far more abundant than gold in the Earth's crust. The only reason that it remains relatively scarce, is that it doesn't make economic sense to extract it from the smaller deposits, so they get left alone. As silver gets more expensive, smaller and smaller deposits become economical to extract, so, there is a large reserve of silver out there just waiting to be 'worth' being mined. This means silver's price is likely to fall away from that of gold over time. Unless we're talking VERY far-flung future when we're capturing asteroids made of solid gold and bringing them back to Earth ... ...

So anyway, silver is NOTHING like LTC in terms of inflation and supply. Fundamentally, LTC behaves as much like gold as BTC does. But, the economy of LTC has the capacity to spin up much larger than that of BTC. It will never have the market cap, because BTC is a hoarders coin. But LTC would be a far better candidate for taking a salary in and using as actual cash in a crypto-enabled future, esp. since BTC transactions are likely to hit $100+ one day. LTC txs should remain very low even if the price goes x100 from here (factoring MWEB and such into account).