Gold is down just $10 for 2022, holding steady in an environment where all assets are deflating,...
Gold is up roughly 5% so far in 2023, and where gold goes, silver follows.
Generally, silver tends to be more volatile than gold, resulting in comparatively larger moves up and down when market forces are active. On the whole, silver usually follows the movements of gold; however, it will occasionally gain strength on gold due to its numerous industrial uses. More importantly, silver is a much thinner market than gold. So, the same dollar has a bigger impact in the silver market than it does in the gold market.
Therefore, silver follows its leader—gold, but silver will invariably out-pace gold as they both move the same direction—either up or down.
It's not possible to say for certain what 2023 has in store, but we know the proven power of precious metals as a hedge against inflation and economic volatility will be more necessary now than ever.
Many analysts are speculating that this current bull market for precious metals will show gains that far eclipse the previous bull market highs of $1,923 an ounce for gold and $50 an ounce for silver. Gold set a new all-time high in August 2020, and although it pulled back, it is now gaining strength once more.
However, silver has a longer way to run. In the last market, gold rose 650% from the lows and silver about 1,000%.
For that reason, right now may very well be one of the best times for you to buy gold and silver, with a major opportunity in silver as it has not yet started to match the upward trend in gold. To help you prepare your portfolio for 2023, we're offering 1 oz. sovereign silver coins at a relatively low premium.
