Silver's Upside Potential

10.19.23 - Silver's Upside Potential

Gold last traded at $1,973 an ounce. Silver at $22.99 an ounce.

Silver Market Update - TINY DOWNSIDE, HUGE UPSIDE... - 

At this point, given what is going on in the world, silver is regarded as probably the best value investment around with very little downside and huge upside. It is still significantly undervalued relative to gold, which reflects the recent negative sentiment towards the Precious Metals sector that is characteristic of a bottom.

The recent weakness across the sector has been due to a combination of a relatively strong dollar - it has been strong relative to other currencies but intrinsically weak - and rising interest rates. However, the rise in interest rates has been due to the gathering meltdown in the debt market which the Fed and other Central Banks are trying to stave off by means of creating trillions of extra dollars or other currencies, a course of action that will lead to hyperinflation that will in turn trigger a torrent of funds seeking safe haven to flood into the Precious Metals whose finite supply will result in a sector bull market of unprecedented proportions.