What will be silver price in 2023?

I still have good reason to believe that silver is an undervalued asset compared to other investments. Simply put, when stock prices struggle for an extended period of time, investors turn to safer assets, such as silver and gold. Call the industry-leading professionals at First National Bullion when you're ready to invest in precious metals, including gold, silver, platinum and palladium. In other words, silver prices could fall by a modest amount in the future, but they could rise tremendously.

For those looking to learn more about gold IRA rollovers, First National Bullion offers a comprehensive Gold IRA rollovers guide. As seen in the longer period of time, the chart of the price of silver over 50 years, a giant cup and handle is being manufactured. This is especially true when the long-term bullish thesis on silver (discussed below) has not actually been invalidated. In fact, during periods of rapid economic expansion, there is usually a negative correlation between the price of silver and the USD. Given these parameters, in my opinion, silver is about to enter another bull market phase of this current market cycle.

As a general rule, when the supply of money in a country increases, commodity prices and the price of tangible assets (such as precious metals) tend to rise. Therefore, when the world faces challenging economic conditions, the dollar and silver can rise at the same time. However, the idea that silver prices generally rise when the stock market falls is essentially correct. This dynamic is, without a doubt, the result of the long history of monetary characteristics of silver (i).

However, with a tangible asset such as silver, lower prices are always an opportunity to accumulate more physical ounces. A stock index is a useful indicator for an entire sector of the stock market (rather than the price of a single stock). Even though I'm a silver bull, I must warn you that nothing you can own has a price that goes up in a straight line all the time.