After a solid rally this spring, silver has stalled.
The CPI report last week showed that inflation had slowed in May, though consumer prices were still up 3.3% year over year. As a result, the Federal Reserve left interest rates unchanged again Wednesday. When interest rates are finally cut, this will be seen as a bullish move for silver and gold, but until then precious metals are back to trading within a relatively tight range. Silver has recovered slightly this week, but is still a few dollars below the recent highs it achieved in May.
The current pullback should be seen as an opportunity. Silver is still highly undervalued at current prices, and arguably, investors are missing out on potential gains. Silver surged 14% in May after rising 7% in April and gaining 8.9% in March, so with a clear positive trend established, there's no better time to buy on the dip.
Yet, many investors remain on the fence.
Make no mistake, as long as the Fed continues to mismanage the U.S. dollar, silver will reclaim its all-time high of $50 an ounce. The question is when. Don't miss out on the profit potential in the silver market as this bull market is set to continue through 2024 and beyond! It would be foolish not to take advantage of the current market situation.
Silver is still the story.
To make it easier to add silver to your portfolio, we would like to offer silver sovereign coins at a relatively low premium over spot. Give us a call at 1-800-831-0007 or email us to place your order today!
1 oz. Silver Canadian Maple Leaf Coins (Backdated)
Just $2.49 over spot per oz.
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is 100 ounces of silver. Free shipping, handling, and insurance are available for purchases of 500 ounces of silver or more. Dates are random and based on availability. Offer expires Friday, June 21, 2024, or while supplies last.