Silver prices could touch a 9-year high in 2023 — with a bigger upside than gold
“Prices of silver could hit a nine-year high of $30 per ounce this year — possibly outpacing gold prices. Insufficient supplies of silver as well as its tendency to be a better performer than gold in periods of high inflation are key drivers supporting the outlook, analysts told CNBC.”
USAGOLD note: Big rallies in the silver price often come out of the blue without warning, rhyme or reason. The best approach to owning silver is to accumulate it in physical form sans leverage and wait for the potential price spike. At $30, silver would provide a hefty return for most USAGOLD clientele who own the metal. Even as it is, silver is up 34.5% from September 2022’s bottom at $17.75 per ounce – a more than respectable gain that has not gotten a lot of play in the financial press.
