Was I WRONG about Silver in 2023?!

Was I WRONG about Silver in 2023? At the end of 2022, I forecasted a slight rise in the spot price of silver for 2023. $25 an ounce for silver was my conservative estimate. I also thought gold would hit $1,900 by the end of 2023. But was I WRONG about silver? Many of you said silver is going MUCH higher than $25 an ounce in 2023. I believe the recession that we are already in could put a temporary damper on the price of silver due to waning industrial demand, a rebound in oil prices, and growing job losses. I’m convinced we have stagflation for 2023. In this video, I take a mid-day look at the markets on Thursday, January 11th. It was a big day with the announcement that the CPI dropped 0.1% for December and that inflation was at an (understated) 6.5%. So, what’s doing BETTER than the NASDAQ, S&P 500, and gold and silver markets? Precious metals MINING STOCKS! The GDX and GDXJ are both up over 8% YTD. That's roughly twice the S&P 500! Halfway through January, one of the best performing sectors of the market is precious metals mining, and I think gold and silver mining stocks might end up being the best performers in 2023...even in the midst of a recession. I'm using the softness in silver spot price to increase my silver stack. The silver premiums on the silver rounds I unbox were quite low! I'm also going to keep speculating on good quality mining companies, because after the FED capitulates to stagflation and pivots, I think the mining sector "ship" will have left the harbor. One of the silver “boats” that I’m about to add to my mining stock “fleet” is Silver Mountain Resources.

Silver Mountain Resources ➡ https://agmr.ca
OTC: AGMRF | TSXV: AGMR
Check out my first video with Jose ➡ https://youtu.be/YMNu4vDhmzY

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DISCLAIMERS/TERMS/RULES:
▶︎ This video was conducted on behalf of Silver Mountain Resources Inc and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit: https://portal.goldstandardir.com/disclaimer/AGMR-46
▶︎ I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.
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Music By: "Three Little Drummers from the George Washington Show" and "Bugle Feature: Pezel Twist from Warlike Musick" by The United States Army Old Guard: https://freemusicarchive.org
Music licensed under a Creative Commons Public Domain Mark 1.0 License: http://creativecommons.org/publicdomain/mark/1.0

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