Safe-haven metals have lost momentum as investor risk appetite continues to improve heading into the holidays. The U.S. Federal Reserve appears to be done raising interest rates, and as of this writing, there has been no major military escalation to involve other countries in the Israel-Hamas War.
Yet, silver is down just 0.7% in 2023, increasing 2.2% last month after decreasing in both September and August. As we approach the end of November, it looks to end this month up as well. In this burgeoning bull market, there's a particularly strong opportunity in silver right now.
Currently, silver is undervalued. And that means there's an opportunity to catch it at the right price before the underlying market fundamentals spur silver spot prices higher.
We know silver is undervalued because the pricing has not caught up with the high demand and dwindling supply. Experts have indicated that the growing demand for silver in technology sectors will likely create a supply shortage in the coming years. Silver demand achieved record highs in 2022, growing by 18% as both investor and industrial demand ramped up, while mining production decreased, creating deficits in the supply over the last 2 consecutive years. However, the per ounce price of silver does not yet reflect this and experts are looking towards the $25.00 an ounce spot price as the next key threshold.
For a limited time, we're making it easier than ever to add silver to your portfolio today, with a timely seasonal twist. Silver makes a great stocking stuffer for loved ones as an entryway into precious metals ownership. It's never to early to introduce the idea that gold and silver can act as a long-term store of value. With Thanksgiving approaching, this offer will be short-lived, so be sure to place your order before our offices close at 1 pm ET on Wednesday November 22nd! Give us a call at 1-800-831-0007 or email us to place your order today.
1 oz. Silver Coins from Golden State Mint
Just $1.99 over spot!
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is 100 oz. silver. Shipping, handling, and insurance are included on any purchase of 500 oz. of silver or more. Offer expires Wednesday November 22, 2023, or while supplies last.