Market Pullbacks Have a Silver Lining

Gold and silver moved a little lower to start the week, with thin trading over Easter weekend. Monday became the first day the markets had to respond to Friday’s jobs report because most U.S. financial markets were closed to observe Good Friday.

Pullbacks like this are a blessing in disguise for investors who are ready to enter the precious metals markets and just looking for the right moment to strengthen their positions. Long term the fundamentals are still bullish, so temporary dips provide an excellent buying opportunity.

Silver increased 15% in March, ending the first quarter up 0.5%. Last week, silver ended 3.9% higher.

The current Gold-Silver Ratio (the number of ounces of silver it takes to purchase one ounce of gold) is starting to finally come down, but at current levels above 80, this key metric indicates that both gold and silver are currently undervalued. Spot prices can still go much higher than even previous bull market highs over the next few years before the long-term trend resets and the ratio bottoms out around 30-50. 

To help you take advantage of the building momentum in precious metals in 2023, we're offering 1 oz. sovereign silver at a relatively low premium!

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