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The silver price has pulled back in recent weeks, but has largely been on the rise since last October.
Where is the white metal headed next? Peter Krauth, editor of Silver Stock Investor, thinks it could approach US$25 per ounce in the first half of 2023 and then may rise as high as US$30 in the year’s final six months.
“I think when you get more of an official stance from the central banks that, ‘Okay, now we’re on pause from all this hiking,” I think we’re going to see the precious metals start to pick up even that much more,” Krauth said. “And that’s why my expectation for a considerably higher price in the second half of this year is quite strong.”
This interview was filmed on January 29, 2023.
#Investing #Mining #Silver
0:00 – Intro
0:28 – Silver price outlook for 2023
1:20 – What held silver back in 2022?
4:10 – Silver demand at all-time high
7:09 – Silver during a recession
12:24 – Fed’s path forward in 2023
14:54 – Silver strategies for investors
18:49 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.